Greenback retreats after a worse-than-expected GDP report and a jump in unemployment claims.
The dollar lost ground against major currencies Thursday, after a report showed the economy grew less that expected over the past several months, and jobless claims reached the highest levels since 2003.
The euro traded at $1.5598, up from $1.5574 the night before in New York trading. The dollar also fell to ¥107.84, down from ¥108.04 a day earlier.
GDP: The U.S. Commerce Department said the gross domestic product rose at an annual rate of 1.9% through the second quarter, a significant jump over the first quarter, but less than predicted. Analysts polled by Briefing.com had expected an increase of 2.3%.
The government also revised economic growth through the last three months of 2007 downward, showing the economy retracted by a 0.2% annual rate during the period.
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