FOREX - Dollar Lower Ahead of Key Inflation Data Friday

May 31, 2024, 05.05 AM | Source: Reuters
FOREX - Dollar Lower Ahead of Key Inflation Data Friday

ILUSTRASI. FOREX - Dollar Lower Ahead of Key Inflation Data Friday. REUTERS/Dado Ruvic/Illustration/File Photo

FOREX - NEW YORK, May 30 (Reuters) - The dollar fell on Thursday after revised data showed that gross domestic product, the broadest measure of economic activity, grew at slower pace than previously expected in the first quarter.

The Commerce Department reported the U.S. economy grew at an 1.3% annualized rate from January through March, down from the advance estimate of 1.6% after downward revisions to consumer spending.

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