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Forecast as of 07.05.2025Exclusive: CMC Markets Adopts Convrs’ WhatsApp Integration in Client Service PushBlackbird Boards the Airwallex Rocket with a $60M AgreementThe Big Winners of eToro IPO: Who’s Set to Gain the Most?Two More Prop Firms Open CFD Brokerage in Saint Lucia to Offer MetaTrader 5Blackbird Hops Onboard the Airwallex Rocket with a $60M AgreementShort-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.05.2025Short-Term Analysis for Oil, Gold, and EURUSD for 07.05.2025FINOM Tops $200 Million in Funding With New General Catalyst DealSucden Financial Boosts Dividend by 50% as Return on Capital Nearly Doubles
Wed. May 14th, 2025 12:55:04 PM

US dollar pares losses after economic data

NEW YORK (Reuters) – The U.S. dollar trimmed losses on Thursday after data showed the the world’s largest economy expanded faster than expected and inflation slowed in the second quarter.

The greenback came off lows against the surging yen and was last down 0.4% at 153.16. It was at 152.68 yen before the data. The dollar index was slightly down at 104.32 after the data. It was at 104.21 just before.

Advance estimates showed that gross domestic product grew at a 2.8% annualized rate last quarter. Economists polled by Reuters had forecast GDP rising at a 2.0% rate.

This post is originally published on INVESTING.

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