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FOREX-Dollar pares losses on US Q2 GDP data

Thu Aug 28, 2008 8:35am EDT

(Updates with latest market moves, adds reaction to U.S. GDP data, changes byline, changes dateline, previous LONDON)

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NEW YORK, Aug 28 (Reuters) - The U.S. dollar pared losses against the euro and yen on Thursday after data showed the U.S. economy expanded at a stronger-than-first-thought 3.3 percent annual rate in the second quarter.

The dollar was last trading at 109.46 yen, down 0.1 percent on the day, from 109.25 yen JPY= before the release of the data. The euro was at 1.4739 from 1.4765 before the report EUR=. (Reporting by Nick Olivari)

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