The dollar added to recent gains in N.Y. on Thursday, as an outsized upward revision to U.S. Q2 GDP got the ball rolling. Growth was upgraded to 3.7% from the original print of 2.3%. This was stronger than median forecasts, and good enough to take the greenback higher. Some support came in the form of improved odds for a September Fed rate hike, while a vastly improved risk backdrop support the USD as well. Wall Street rallied despite renewed rate hike concerns, while yields headed higher as well.
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