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Dollar falls vs euro after U.S. Q3 GDP

Published 10/29/2009, 08:39 AM
Updated 10/29/2009, 08:42 AM

NEW YORK, Oct 29 (Reuters) - The dollar extended losses against the euro on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, which was slightly better than market forecasts.

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The euro surged to $1.4754 against the dollar from $1.4725 before the data. It was last at $1.4751, up 0.2 percent on the day. Against the yen , the dollar gained to 91.14 yen from 90.69 previously.

For most of the year, the euro has been viewed as a proxy for risk appetite, gaining when economic data is positive.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

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