Published: Oct 26, 2012 1:57 PM EDT
Updated: Oct 27, 2012 6:31 AM EDT

NEW YORK (AP) - Data showing that the U.S. economy grew at a faster pace than expected during the third quarter is pushing the dollar higher against other major currencies.

The Commerce Department says the economy grew at a 2 percent annual rate from July through September, thanks to higher spending by consumers and the federal government. Economists expected it to grow 1.8 percent.

The euro fell to $1.2930 in afternoon trading from $1.2949 late Thursday. The British pound fell to $1.6088 from $1.6124.

The dollar rose to 0.9353 Swiss franc from 0.9343 Swiss franc.

The dollar fell to 79.72 Japanese yen from 80.29 Japanese yen.