NEW YORK, May 30 (Xinhua) -- The U.S. dollar was roughly flat against its major rivals in late trading on Thursday as traders digested a slew of key economic data.
The U.S. economic growth in the first quarter of 2019 was revised down to an annual rate of 3.1 percent, from the previously reported 3.2 percent, the U.S. Commerce Department said Thursday in its second estimate.
The update to the gross domestic product (GDP) growth reflected downward revisions to business investment and inventory investment and an upward revision to imports, which are a subtraction in the calculation of GDP, the department said, adding that these revisions were partly offset by upward revisions to exports and consumer spending.
In the week ending May 25, the U.S. initial jobless claims, a rough way to measure layoffs, stood at 215,000, an increase of 3,000 from the previous week's revised level, the Department of Labor said. The previous week's level was revised up by 1,000 from 211,000 to 212,000.
The dollar index, which measures the greenback against six major peers, was down 0.0008 percent at 98.1441 in late trading.
In late New York trading, the euro rose to 1.1134 dollars from 1.1133 dollars in the previous session, and the British pound decreased to 1.2609 dollars from 1.2623 U.S. dollars in the previous session. The Australian dollar decreased to 0.6911 dollar from 0.6913 dollar.
The U.S. dollar bought 109.54 Japanese yen, higher than 109.44 Japanese yen of the previous session. The U.S. dollar fell to 1.0073 Swiss francs from 1.0076 Swiss francs, and it was down to 1.3509 Canadian dollars from 1.3521 Canadian dollars. Enditem
