FXstreet.com (Barcelona) - U.S. Gross Domestic Product has contracted at a 1.0% pace in the second quarter, according to the second estimate released by the Commerce Department, which leaves previous estimations unrevised, against the expert's estimations of a 1.3% contraction. The Dollar has not been affected.
USD/JPY moved slightly higher after the release of GDP data, The Dollar rose from 93.40 to break minor resistance at 93.80 and reach levels around 93.90.
EUR/USD has remained practically still at levels right below 1-.4280 resistance, while the Pound bounced at 1.6190 to reach levels around 1.6220 minutes after the release of GDP figures.