RTTN: Dollar Steady Versus Majors Ahead Of GDP Report
(RTTNews) - The U.S. government will releases its second estimate on second quarter economic growth at 8:30 am ET Friday. Economists predict that the initial estimate of 2.4 percent growth could be pared nearly in half to 1.3 percent.
Ahead of the release, the greenback traded steady against major currencies in New York morning session today. As of now, the greenback is trading near 1.2714 against the euro, 1.5495 versus the British pound, 1.0229 against the pound, 84.70 versus the yen and 1.0609 versus the loonie.
Also, the Reuters/University of Michigan's final report on the consumer sentiment index for August will be released at 9:55 am ET. Analysts expect that the sentiment index to be upwardly revised to 70.0 from the preliminary reading of 69.6.
