The dollar fell against the euro and the yen on the morning of the last working day of July, while traders continue to react to data about a possible recession in the US economy last quarter, Report informs, citing the auction data.
The euro against the dollar rose to 1.0218 dollars from the previous close of 1.0196 dollars; the dollar against the yen fell to 133 yen from 134.28 yen. And the dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) fell by 0.46%, to 105.87 points.
According to the first estimate of the US Department of Commerce, the country's GDP fell for the second quarter in a row - by 0.9% in annual terms. At the same time, analysts expected a slight increase. This reinforced fears of a recession in the US economy, which will formally take place if the initial assessment is confirmed.
Since the beginning of the week, the dollar fell slightly against the euro - by 0.07%, but the drop against the yen was steeper, by 2.2%. The dollar index fell by 0.8%. These days, the American currency felt uncertain in anticipation of the results of the Fed meeting.