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U.S. Dollar Keeps Rising Amid GDP Report
 

The U.S. dollar index increased against most other major currencies in late trading on Thursday as investors digested the country's newly-released economic growth data.

U.S. real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2018, according to the third estimate released by the Commerce Department Thursday. In the fourth quarter, real GDP increased 2.9 percent.

The percent change in real GDP was revised down 0.2 percentage point from the second estimate, reflecting downward revisions to private inventory investment, personal consumption expenditures, and exports that were partly offset by an upward revision to nonresidential fixed investment, said the department.

Meanwhile, in the week ending June 23, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 9,000 from the previous week's unrevised level of 218,000, said the U.S. Labor Department on Thursday.

The 4-week moving average was 222,000, an increase of 1,000 from the previous week's unrevised average of 221,000.

The dollar index, which measures the greenback against six major peers, was up 0.09 percent at 95.380 in late trading.

In late New York trading, the euro fell to 1.1555 dollars from 1.1557 dollars in the previous session, and the British pound was down to 1.3071 dollars from 1.3129 U.S. dollars in the previous session. The Australian dollar decreased to 0.7347 dollar from 0.7353 dollar.

The U.S. dollar bought 110.62 Japanese yen, higher than 110.20 Japanese yen of the previous session. The U.S. dollar rose to 0.9986 Swiss franc from 0.9969 Swiss franc, and it dipped to 1.3272 Canadian dollars from 1.3311 Canadian dollars.


(www.chinaview.cn 2018-06-29)
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