The US dollar was rising today, but now declines after the reports showed that the US economic growth were less than previously estimated, but the conditions for the US manufacturers improved.
The US gross domestic product rose 2.0 percent in the third quarter, according to the preliminary estimate of the Bureau of Economic Analysis. That’s worse than the previous estimate of 2.5 percent, but better than the 1.3 percent increase in the second quarter. Most indicators showed a modest improvement of the manufacturing activity in November, the Federal Reserve Bank of Richmond reported, resulting in the increase of the Manufacturing Index to 0 from -6 in the previous month.
EUR/USD rose from 1.3490 to 1.3518 today as of 17:50 GMT, while the daily high was 1.3567. USD/JPY traded near 77.01 after rising from 76.86 to 77.32.
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