Dollar trims gains versus yen after U.S. GDP data
NEW YORK Jan 30 (Reuters) - The dollar pared gains versus the yen on Wednesday after data showed the U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the 2007-09 recession.
The dollar briefly traded as low as 90.89 yen, according to Reuters data and was last at 91.05 yen, still up 0.3 percent on the day. Before the release of the data, the dollar was trading around 91.18 yen.
The euro was last at $1.3539, up 0.4 percent on the day, after rising as high as $1.3548 after the data.
- Tweet this
- Share this
- Digg this
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria - monitor
- Google launches new email service dubbed "Inbox"
- India hope to get boxer Sarita Devi's suspension reversed
- Apple CEO says to add 25 stores in China within two years - Sina
- Japan PM's new minister hit by scandal over racy bar bill
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article