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U.S. dollar slips amid dismal knowledge

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NEW YORK, July 28 (Xinhua) — The U.S. dollar weakened in late buying and selling on Thursday after knowledge confirmed the U.S. economic system contracted for the second straight quarter.

The dollar index, which measures the dollar in opposition to six main friends, fell 0.09 % to 106.3490.

In late New York buying and selling, the euro was right down to 1.0178 U.S. {dollars} from 1.0198 {dollars} within the earlier session, and the British pound decreased to 1.2148 U.S. {dollars} from 1.2166 {dollars} within the earlier session. The Australian dollar was right down to 0.6975 U.S. {dollars} from 0.7000 U.S. {dollars}.

The U.S. dollar purchased 134.33 Japanese yen, decrease than 136.48 Japanese yen of the earlier session. The U.S. dollar was right down to 0.9552 Swiss franc from 0.9593 Swiss franc, and it was right down to 1.2822 Canadian {dollars} from 1.2834 Canadian {dollars}.

The U.S. gross home product (GDP) shrank at an annual charge of 0.9 % within the second quarter after a 1.6-percent contraction within the earlier quarter, the U.S. Commerce Department reported Thursday. Economists polled by The Wall Street Journal had forecast a 0.3 % improve in second-quarter GDP.

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