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U.S. dollar mixed amid disappointing GDP data

NEW YORK
2015-05-30 05:29

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The U.S. dollar mixed against other currencies Friday as the second read of U.S. first-quarter gross domestic product (GDP) came out negative. The U.S. Commerce Department announced Friday that the second estimate of real GDP decreased at an annual rate of 0.7 percent in the first quarter of 2015. It had estimated last month that the economy expanded 0.2 percent in the first quarter. Traders are closely watching the progress of the Greek debt situation. European official said Thursday that the two sides still had some way to go before any agreement could be concluded. In late New York trading, the euro gained to 1.0980 dollars from 1.0957 dollars of the previous session, and the British pound decreased to 1.5290 dollars from 1.5322 dollars. The Australian dollar went down to 0.7655 dollars from 0.7656 dollars. The dollar bought 124.06 Japanese yen, higher than 123.89 yen of the previous session. The dollar moved down to 0.9401 Swiss francs from 0.9426 Swiss francs, and it moved up to 1.2445 Canadian dollars from 1.2423 Canadian dollars.

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