USD falls against euro ahead of US statistics data release

The US dollar fell against the euro on Thursday afternoon ahead of the release of important US statistics, Report informs.

The euro exchange rate against the dollar rose to $1.0926 from the last closing level of $1.0911. The dollar against the yen fell to 144.26 yen from 144.46 yen. The dollar index (the exchange rate against a basket of currencies of six US trading partners) rose by 0.01% to 102.91 points.

Later on Thursday, data on US GDP will be released. Experts say, according to the third, final estimate, the GDP growth rate in the first quarter will be improved to 1.4% in annual terms (if GDP grew at the same pace for four consecutive quarters) from the second estimate of 1.3%.

In addition, data on the labor market in the US is expected. Analysts believe that the number of initial applications for unemployment benefits has increased.