Euro dips vs. dollar for second straight day

Economies.com
2017-05-26 15:45PM UTC

Euro tilted lower against the dollar amid a lack of data from the euro zone, and following earlier information from the U.S., the world's largest economy. 

 

As of 04:42 GMT, EUR/USD fell to 1.1178, with an intraday high at 1.1235, and a low at 1.1161. 

 

Earlier U.S. data showed the GDP growing 1.2% in the first quarter according to the second reading, up from 0.7% in the first reading, and past expectations of 0.9%, while GDP prices rose 2.2%, down from 2.3% in the previous reading. 

 

Durable goods orders fell 0.7% in April, compared to a 0.9% rise in March, and besting forecasts of a 1.4% drop. 

 

Core orders fell 0.4%, compared to no-change in March, while analysts expected a 0.4% rise, reflecting the possibility of continued slowdown in US growth in the second quarter, which could weigh on the Federal Reserve's policy decisions in June. 

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