Dollar Rises Following U.S. Q2 GDP Data
08:34, 27th July 2012
(RTTNews) - Following the release of U.S. advance estimate of second quarter GDP data at 8:30 am ET Friday, the greenback edged up against its major counterparts.
Data released by the Commerce Department showed that the U.S. gross domestic product grew at 1.5 percent in the second quarter.
That marks a slowdown from the 2 percent growth posted for the first quarter, but a smaller contraction than most economists, who predicted just 1.2 percent growth for Q2, had expected.
The greenback is now trading at 78.33 against the yen, 1.5723 against the pound, 0.9764 against the franc and 1.2305 against the euro.
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