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Dollar surrendered position, waiting for data on U.S. GDP



The dollar fell to the basket of major rival currencies on Friday, losing a previously gained small advantage on the eve of data on U.S. GDP in the second quarter.



28.Jul.17 1:18 PM
By Daria Zaytseva
Photo Toinnov.com

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Dollar surrendered position, waiting for data on U.S. GDP

By 8.40 GMT, the dollar index dropped 0.06 % to 93.808 after rising 0.2 % a day earlier.

The dollar, which fell to a minimum of 13 months in the middle of the week after the announcement of the U.S. Federal Reserve, according to which the regulator is in no hurry to raise rates again, received support on Thursday amid rising yields on U.S. government bonds due to optimistic trading data.

Economists expect that the world's largest economy grew by about 2.6 % in the second quarter against growth by 1.4 % in the first quarter.

The euro grew by 0.15 % against the dollar to $ 1.1693. On the eve of the single European currency lost about 0.5 %, moving away from the peak of two and a half years - 1,1777. For a week, the euro can gain 0.2 %.

The Swiss franc increased losses to the euro, touching 1.1364 francs for the euro. This is the weakest indicator for the currency of Switzerland since January 2015.

The dollar fell by 0.24 % against the yen to 110.95 yen, losing the modest advantage gained in the day before. For a week, the currency may lose 1.2 %.

The Australian dollar rose 0.1 % to $ 0.7975.

The New Zealand dollar was trading at $ 0.7749 after rising to its high since May 2015 at $ 0.7557 on Thursday.




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