FXstreet.com (Barcelona) - U.S. markets have opened Thursday's session with slight declines in spite of a lower than expected GDP decline. The Dollar has appreciated against Euro and Pound.
Dow Jones Industrials index edges down 0.1%, while the Nasdaq Index drops 1.0%, and the S&P Index sheds 0.7% minutes after the opening bell.
On the macroeconomic domain, U.S. GDP has been left unrevised at -1.0% in the second quarter, against the market's expectations of a downward revision to -1.3%, while personal consumption dropped 1.0%, instead of the 1.2% expected.
Dollar rises on weak markets
EUR/USD appreciated to 1.4280, after having bounced at 1.4205 intra-week low on Wednesday, although the pair turned down after GDP and declined to levels around 1.4220 at the moment of writing.
GBP/USD broke yesterday below 1.6300 to hit a fresh 6-weeks low at 1.6160 to bounce afterwards, although the Sterling failed to break above 1.6250 and declines on early U.S. session reaching levels around 1.6175, with 1.6160 low on sight.
USD/JPY decline from 94.60 high on Wednesday found support at 93.35 intra-week low on early European session to rise to 93.95 after U.S. GDP, although the Dollar has turned down again on negative U.S. markets, and the pair drops to levels around 93.60.