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US dollar gains after better-than-expected GDP data

Kitco Media
By Reuters
Published:
Updated:
Reuters
US dollar gains after better-than-expected GDP data teaser image

NEW YORK, Aug 29 (Reuters) - The U.S. dollar rose on Thursday after data showed the world's largest economy grew a little faster than expected in the second quarter, adding to growing expectations that the United States could avoid recession, or go through just a mild one.

The dollar index advanced 0.4% to 101.44 following the report. Against the yen, the greenback turned positive to trade 0.5% higher at 145.29 .

Reporting by Gertrude Chavez-Dreyfuss; Editing by Alison Williams

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