Dollar Rises After Second-quarter GDP Revision

The dollar strengthened against its main rivals Thursday after second-quarter gross domestic product growth was revised up to 3.7%, from 2.3%. Dennis de Jong, managing director at, said the U.S. economy appears to be in "relatively decent health" after the number. But the "financial turbulence" of the past two weeks likely means the Federal Reserve won't raise interest rates in September. The number was much stronger The ICE U.S. Dollar index was up 0.4% to 95.4630. The euro fell to $1.1258 from $1.1280 shortly before the data. The dollar rose to 120.45 yen from 120.20 yen. The British pound fell to $1.5430 from $1.5470.

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