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08:27, August 29, 2008 |
The U.S. dollar rose Thursday against most major currencies as a report showed strong U.S. economic growth in the second quarter.
The Commerce Department said that the nation's gross domestic product increased at a 3.3 percent annual rate in the second quarter, exceeding preliminary government estimates and consensus expectations.
The euro slipped to 1.4702 U.S. dollars in late trading in New York from 1.4712 dollars late Wednesday.
The British pound hit its third 25-month low against the dollar as retail sales in Britain fell to their lowest level in the 25 years.
The pound dropped to 1.8239 dollars Thursday before rebounding to 1.8284 dollars.
The dollar rose to 1.0994 Swiss francs from 1.0982, and climbed to 1.0519 Canadian dollars from 1.0482.
Source: Xinhua
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