Dollar Rises Against Main Rivals After Q2 GDP Revised Higher

The dollar strengthened against its rivals Friday after the Commerce Department released an upward revision to second-quarter economic growth. The U.S. economy grew at an annual rate of 3.9% in the second quarter, higher than the previous estimate of 3.7% growth. The euro fell to $1.1130 after the data, from $1.1160 shortly beforehand. The dollar rose to 121.20 yen from 121.00 beforehand. The British pound fell to $1.5164 from $1.5180. Also, the dollar trimmed its losses against emerging-market currencies like the Mexican peso and the Brazilian real.

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