Currencies ahead of U.S. data

24 November 2009 @ 06:19 am EDT

The focus in the U.S. economy today is on the third quarter GDP reading, in which expectations will showthatthe nation will annuallyexpand by 2.8% from the prior 3.5%, and the revision downwards will bedue tolower retail sales and a wider trade gap. The Dollar Index, which usually measures strength of the dollar versus six major currencies, is currently climbing as it is traded at 75.21 while recording a high of 75.44 and a low of 75.10.

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