Dollar slides on weak US growth figure
Afp, New York
The dollar remained on the back foot going into the weekend after data showed Friday that the US economy had grown by much less than expected in the second quarter. The euro rose to 1.2759 dollars around 2100 GMT, from 1.2698 dollars late on Thursday in New York. The dollar dipped to 114.63 yen, from 115.77 yen. US Commerce Department figures showed that annualised growth was just 2.5 percent in the three months to June, less than half the 5.6 percent in the first quarter and well below forecasts for a more modest dip to 3.0 percent.
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