NEW YORK (Reuters) – The U.S. dollar briefly fell on Thursday, but last traded little changed, after data showed the world’s largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy.
The dollar index was last flat at 103.27, after earlier dipping to as low as 103.13.
Data showed on Thursday gross domestic product in the last quarter increased at a 3.3% annualized rate, which is the advance GDP estimate of the Commerce Department’s Bureau of Economic Analysis.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Alex Richardson)
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