Published: Oct 11, 2012 3:18 PM EDT
Updated: Oct 12, 2012 6:31 AM EDT

NEW YORK (AP) - The dollar is falling against most other currencies after the number of Americans seeking unemployment benefits fell last week to the lowest level in four years.

The Labor Department says that claims fell to 339,000 last week, the lowest since February 2008.

Traders tend to buy riskier currencies, such as the euro, when they think the economy is getting better.

The euro rose to $1.2934 in afternoon trading from $1.2897 late Wednesday. The British pound rose to $1.6039 from $1.6008.

The dollar fell to 0.9345 Swiss franc from 0.9385.

The dollar rose to 78.31 Japanese yen from 78.19 yen.