US dollar edges higher as GDP, jobless claims affirm rate hike bets

US dollar edges higher as GDP, jobless claims affirm rate hike bets

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The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week. The advance estimate of first-quarter gross domestic product (GDP) showed a 1.1% annualized rate during the…

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