MW: Dollar gains on yen, euro after U.S. growth data
By William L. Watts
FRANKFURT (MarketWatch) -- The U.S. dollar gained ground on the Japanese yen and erased a loss versus the euro after data showed U.S. second-quarter gross domestic product slowed to a 1.5% pace from 2% in the first three months of the year. Economists surveyed by MarketWatch had forecast growth of 1.3%. The euro EURUSD -0.02% erased an earlier gain versus the U.S. unit to change hands at $1.2279, down slightly from $1.2284 late Thursday. The dollar traded at 78.37 Japanese yen, up from 78.29 yen on Thursay. But the dollar index DXY +0.08% , which measures the U.S. unit against a basket of six major rivals, fell to 82.639 versus 82.730 ahead of the data and 82.834 on Thursday.
