Forex News – Dollar falls after US GDP misses estimates
Posted on April 26, 2013 at 1:13 pm GMTThe dollar fell against the yen after US Gross Domestic Product data disappointed and missed estimates on Friday. First quarter real GDP expanded at 2.5 percent on an annualized basis, lower than forecasts of a 3.0 percent increase. However, this was still higher than last quarter’s meagre 0.4 percent growth. A breakdown of the GDP components were mixed, showing that personal consumption expenditures contributed to growth while cuts in defense spending helped. Consumer spending, the biggest part of the US [..]