News » Dollar Erases Losses vs. Euro

Some US one-dollar billsThe US dollar erased its losses against the euro today after a report showed that France’s GDP increased in the last quarter less than was previously estimated. The greenback rose versus the pound, but dropped against the yen.

France’s gross domestic product rose 0.3 percent in the third quarter from the second quarter, according to the National Institute of Statistics and Economic Studies, compared to the previously estimated growth by 0.4 percent. GDP declined 0.1 percent in the previous three months. Annual growth was 1.5 percent in Q3, down from 1.7 percent in Q2.