The dollar rose for a third straight day Thursday after the Commerce Department revised second-quarter gross domestic product growth upward to 3.7% from 2.3%.The WSJ Dollar index BUXX, -0.08% a measure of the dollar’s strength against a basket of rivals, was up 0.1% to 88.20.
Thursday’s data showed U.S. economic growth has remained robust in 2015 even as a strengthening dollar has eaten into corporate profits.
After the data, the euro EURUSD, +0.1334% was down 0.7% on the day to $1.1260 and was on track to finish the week lower.
The dollar USDJPY, +0.03% strengthened to 120.83 yen, up 0.6% on the day; the pound was down 0.5% to $1.5404. The pound GBPUSD, +0.1688% looked set to break below $1.54 Thursday, Ahmad said. It has depreciated rapidly all week to its lowest level since July 10.
That pushed oil-linked currencies like the Russian ruble, Canadian dollar CADUSD, +0.1898% and Norwegian krone USDNOK, -0.1892% higher.
The ruble USDRUB, +1.0820% was up 3.5% in recent trade to 66.2 rubles to the dollar, its strongest one-day performance of the year.
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