U.S. Economy Grows At Slower Pace, Q2 GDP Data Disappoints [VIDEO]
August 1, 2016
The U.S. dollar weakened on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, further reducing expectations that the Federal Reserve will raise interest rates in September.
The Japanese yen, meanwhile, soared after the Bank of Japan expanded stimulus at its highly anticipated meeting, but disappointed investors who had expected bolder measures to stimulate growth and raise inflation in Japan’s ailing economy.