Investing.com – The dollar remained near eight-month lows Thursday after the release of mixed revised first-quarter GDP data and weekly initial jobless claims.
The dollar index was off 0.19% at 95.60 at 09:45 ET, compared with a reading of 95.62 just prior to the data release.
The index earlier hit a low of 95.43 lows as the euro and thepound jumped on hawkish remarks by the European Central Bank and the Bank of England.
The Bureau of Economic Analysis said GDP rose a revised annual 1.4% in the first quarter after a previous reading of 1.2%.
The consensus forecast was for first quarter GDP growth to be confirmed at 1.2%.
In the fourth quarter of 2016, real U.S. GDP was up an annual 2.1%.
{ecl-905||Core PCE}} prices in the quarter were revised down to 2.0% from a previous reading of 2.1%, which was expected to be confirmed.
The number of Americans filing for unemployment benefits unexpectedly rose in the past week but remained at historically low levels.
Initial jobless claims were up 2,000 from the previous week at 244,000, the Labor Department said.
The previous week's figure was revised upward to 242,000 from 241,000.
Economists had expected jobless claims to fall to 240,000.
The figures continue to show the ongoing strength of the labor market.