Investing.com - Growth of the U.S. economy in the first quarter was revised up on Friday, but not as much as consensus expected, according to official data.
The second estimate of first quarter growth domestic product showed growth of 0.8%, revised up from the initial reading of a 0.5% rise.
Analysts had expected growth to settle at 0.9%.
Personal consumption for the first three months of the year had been expected to be revised from 1.9% up to 2.1%, but was left unchanged.
The GDP price index was revised down to an increase of 0.6%, from the prior reading of a 0.7% advance.
Economists weren’t expecting any change.
Immediately after the report, EUR/USD was trading at 1.1169 from around 1.1168 ahead of the publication; GBP/USD was at 1.4643 from 1.4648 earlier; while USD/JPY was at 109.62 from 109.64 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was unchanged from prior to the publication at 95.31.
Meanwhile, U.S. stock futures pointed to a slightly higher open. The Dow futures gained 17 points, or 0.10%, the S&P 500 futures advanced 2 points, or 0.10%, while the Nasdaq 100 futures traded up 6 points, or 0.14%.
Elsewhere, in the commodities market, gold futures traded at $1,220.00 a troy ounce, compared to $1,220.05 ahead of the data, while crude oil traded at $49.12 a barrel from $49.08 earlier.