FXstreet.com (Barcelona) - The Dollar has eased somewhat against its major rivals after third quarter's U.S. GDP growth was revised substantially lower in the third estimation, showing that economic recovery in the United States might not be as strong as previously thought.
EUR/USD rebound from session low at levels around 1.4270 ahead of the release of GDP data, has extended to levels above 1.4300, reaching 1.4315 so far. GBP/USD bounced from fresh 2-month low ar 1.5975 to 1.6015 after GDP, and the USD/JPY dipped from session high at 91.65 to 91.30.
U.S. GDP has advanced at an annual rate of 2.2% during the third quarter of the year, well below the 2.8% increase estimated previously. Market analyst expected a GDP growth of around 2.7%.