INQUIRER.net: Dollar advances on better US economic growth

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Dollar advances on better US economic growth Aug 29th 2013, 22:48 NEW YORK CITY – The dollar Thursday advanced against other major currencies after a surprisingly upward revision of second-quarter US economic growth that revived expectations that the Federal Reserve will scale back its stimulus.   Near 2100 GMT, the euro traded at $1.3241, down from $1.3338 Wednesday.   The dollar bought 98.32 yen compared with 97.63 yen.   The euro fell to 130.18 yen from 130.23 yen.   Thursday's US Commerce Department report estimated that the US economy grew by 2.5 percent in the second quarter, well above the 1.7 percent originally estimated and better than the 2.1 percent revision seen by many analysts.   ... Keep on reading: Dollar advances on better US economic growth Media files: dollar-bills.jpg (image/jpeg)

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