30 October 2003, 16:44  Dollar cuts losses after strong Q3 advance GDP

NEW YORK, Oct 30 - The dollar cut its losses against its major rivals on Thursday after the advance reading of third-quarter gross domestic product, the broadest measure of U.S. economic health, rose more than expected. The dollar jumped from 108.11 yen to 108.25 after the data but was still in the negative column for the day, down 0.10 percent on the day. The euro fell from $1.1736 to $1.1688 in the wake of the data, which included first time weekly jobless claims of 386,000 for the week ended Oct. 25, down from the upwardly revised 391,000 in the prior period. The euro is still up 0.27 percent on the day.//

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