Friday, October 29, 2010
Dollar drops after US growth data
Friday, October 29, 2010
Dollar drops after US growth dataThe green currency slipped against majors after annualized GDP figures which did not come up with any clue the Fed would not embark on a second round of stimulus next week. Annualized GDP for the third quarter matched forecasts at 2.0% compared with 1.7% in the second quarter. Other US data showed that Michigan confidence fell to 67.7 on October from 67.9.
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