The U.S. dollar climbed higher against most of its major rivals on Thursday after data showing an unexpectedly bigger jump in the nation's economic activity in the third quarter raised prospects of the Federal Reserve continuing its interest rate hikes in the coming months.
Data released by the Commerce Department showed the surge in real gross domestic product in the third quarter was upwardly revised to 3.2% from the previously reported 2.9%. Economists had expected the pace of GDP growth to be unrevised.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com