The dollar has fallen against the major world currencies on data on U.S. GDP

The dollar has fallen against the major world currencies on data on U.S. GDP


The Euro-dollar exchange rate has grown up to 1,0970 with 1,0925 dollar dollar per Euro on Friday. The dollar against the yen fell to 121,02 yen per dollar with 121,09 yen per dollar at the previous closing.

MOSCOW, 29 Oct. The dollar during trading Thursday shows a negative trend against most world currencies after the release of weak statistics US GDP for the third quarter, according to AFP.

As at 17.51 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased on 0,30% — to 97,33 item. The Euro-dollar exchange rate has grown up to 1,0970 with 1,0925 dollar dollar per Euro on Friday. The dollar against the yen fell to 121,02 yen per dollar with 121,09 yen per dollar at the previous closing.

According to the Bureau of economic analysis U.S. Department of Commerce, real GDP growth in the third quarter of 2015, according to the first estimate, amounted to 1.5% in annual terms. The data were worse than forecasts of analysts, who had expected GDP growth of 1.6%. In the second quarter the growth amounted to 3.9%. Real growth in consumer spending in the third quarter slowed to 3.2% from 3.6% a quarter earlier.

However, while we can not speak about any scrapping trend. On Wednesday the U.S. Federal reserve once again kept its base rate at a minimum level of 0-0. 25%, as analysts expected. The fed did not rule out a rate hike in December, depending on employment and inflation. Speaking of the economy, the regulator has called the growing “moderate” pace.

“While the data on growth were weaker than expected, they were quite good”, — said the Agency MarketWatch chief economist at PNC Financial Services, Stuart Hoffman (Stuart Hoffman).