G-20 calls for a balanced economic recovery

The dollar was subjected to pressure from new sales in late trading Friday after the downward revision of U.S. GDP for the first three months to 2.7% compared to 3 percent from the previous revision. The series of weak economic data from the U.S. recently and more cautious assessment of the Fed’s economic development in the country seemed to begin to change current expectations that the economy beyond the Ocean will be recovered with better rates than those in Europe and Japan. (more…)

Dollar retreats against major currencies

Over the last working day of the euro last week failed to register a slight increase against the U.S. dollar to $ 1.2393 level.

Poor performance of the dollar came after the final figures for U.S. GDP in the first quarter of this year recorded a decrease to 2.7 per cent, which was below the expected 3.0 percent.
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