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Dollar rises against euro, pound, franc as stocks fall sharply on Wall Street

Traders seeking a safer investment are pushing the dollar higher against most major currencies as stocks fall sharply.

The Dow Jones industrial average is down over 200 points after several companies reported weak quarterly earnings and cut their expectations for the year. DuPont, the chemical maker, and 3M, which makes everything from Scotch tape to traffic sign coatings, are among the companies that posted disappointing results.

The euro fell to $1.2973 in afternoon trading from $1.3045 late Monday. The British pound fell to $1.5935 from $1.6006.

The dollar rose to 0.9327 Swiss franc from 0.9275 Swiss franc.

The dollar slipped to 79.80 Japanese yen from 79.89 Japanese yen.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.08% dw 4.12%  
15 Y Fixed Graph 3.23% up 3.21%  
30 Y Fixed Jumbo Graph 4.51% dw 4.89%  
5/1 ARM Graph 3.46% up 3.30%  
5/1 Jumbo ARM Graph 3.44% dw 3.57%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.30% up 4.29%  
$50K HELOC Graph 4.06% up 4.04%  
$30K Loan Graph 5.10% -- 5.10%  
$50K Loan Graph 4.53% -- 4.53%  
$75K Loan Graph 4.53% -- 4.53%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.94% up 2.93%  
36 M Used Graph 3.44% dw 3.46%  
48 M New Graph 3.23% up 3.22%  
48 M Used Graph 3.01% up 2.99%  
60 M New Graph 3.25% up 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% up 0.37%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.51% up 1.47%