Dollar Giving Back Gains Ahead of U.S. GDP Report

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Traders are selling the U.S. Dollar overnight ahead of today’s U.S. Third Quarter GDP Report. Pre-report estimates are for the report to show that the U.S. economy grew at a pace of 3.2%. This would mark the first increase in over a year.

Although this report is expected to show the economy has recovered from the recession, it will give no indication as to how robust the impending recovery may be. Growing unemployment is still a major concern for investors.

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