The dollar dipped against the yen on Friday ahead of third-quarter growth figures for the U.S. economy while the euro kept its gains on growing expectations the European Central Bank will raise rates early next year. The dollar rose above 116 yen for the first time in two years a day earlier, but it was capped as concerns emerged about the health of U.S. companies after an investigation was launched into General Motors Corp.'s accounting practices. By Friday, the market's attention had turned to gross domestic product figures, due at 1230 GMT, for confirmation that the U.S. economy was in good condition and that the dollar-supporting rise in interest rates would continue. "The market is waiting for GDP for direction," said Tatsuro Karitani, senior forex trader at Mizuho Corporate Bank. "If the figures fall short of expectations, the dollar could test its downside, though I still see the currency on a solid upward trend." The U.S. economy likely grew 3.6 percent in the third quarter, speeding up from 3.3 percent in the previous quarter, according to a Reuters poll. By 0525 GMT, the dollar was buying 115.30 yen , down from around 115.45 in late U.S. trade on Thursday, when it fell 0.3 percent. Month-end selling of dollars for yen by Japanese exporters weighed on the U.S. currency, while individual investors and Japanese importers kept support firm at 115 yen, traders said. Traders said the yen got a lift from a Financial Times report that U.S. Treasury Secretary John Snow had told China's leaders that Washington wanted to see another revaluation of the yuan before President George W. Bush visits Beijing next month. The euro was little changed at $1.2140 after rising 0.6 percent on Thursday. The single currency was fetching 139.95 yen, in sight of the previous day's six-month high of 140.20 yen.