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U.S. dollar little changed despite better-than-expected GDP data
Last Updated: 2019-03-01 13:04 | Xinhua
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The U.S. dollar was little changed on Thursday although data showed U.S. economic growth was better than expected toward the end of last year.

The U.S. economy grew at 2.6 percent year on year in the fourth quarter of 2018, down from 3.4 percent in the previous quarter, the U.S. Commerce Department reported on Thursday.

The quarterly result came as consumer spending growth rate declined to 2.8 percent in the fourth quarter, down from the previous quarter's 3.5 percent. Consumer spending accounts for roughly two thirds of the overall U.S. economy.

The dollar index, which measures the greenback against six major peers, increased 0.0022 percent at 96.1550 in late trading.

In late New York trading, the euro increased to 1.1378 dollars from 1.1370 dollars in the previous session, and the British pound was down to 1.3268 dollars from 1.3308 U.S. dollars in the previous session. The Australian dollar was down to 0.7093 dollar from 0.7140 dollar.

The U.S. dollar bought 111.39 Japanese yen, higher than 111.03 Japanese yen of the previous session. The U.S. dollar fell to 0.9976 Swiss franc from 1.0010 Swiss francs, and it was down to 1.3141 Canadian dollars from 1.3148 Canadian dollars.

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