1st LD Writethru: U.S. dollar mixed amid GDP report
Xinhua, February 28, 2015 Adjust font size:
The U.S. dollar traded mixed against other major currencies on Friday, as data showed the U.S. economy returned to moderate growth in the fourth quarter of 2014.
The U.S. real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the fourth quarter of 2014, revised down from the advance estimate of 2.6 percent, according to the second estimate released by the Commerce Department Friday.
The U.S. economy grew 5 percent in the third quarter and 4.6 percent in the second quarter after contracting in the first quarter of 2014. In 2014, the economy expanded 2.4 percent year on year, compared with an increase of 2.2 percent in 2013.
Other U.S. economic data came in mixed on Friday. The Thomson Reuters/University of Michigan's February final reading of consumer sentiment index fell from January's final reading of 98.1 to 95.4, but was still above market expectations.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December, reported the National Association of Realtors Friday.
In late New York trading, the euro went down to 1.1193 dollars from 1.1199 dollars in the previous session, and the British pound increased to 1.5434 dollars from 1.5406 dollars. The Australian dollar rose to 0.7811 dollars from 0.7795 dollars.
The U.S. dollar bought 119.68 Japanese yen, higher than 119.44 yen of the previous session. The U.S. dollar edged up to 0.9542 Swiss francs from 0.9536 Swiss francs, and it decreased to 1.2518 Canadian dollars from 1.2527 Canadian dollars. Endite