The US dollar trimmed its gains today slightly following the US economy's growth data, which grew at a fastest pace in nearly four years, but fears of a slowdown in growth due to tariffs remain.
The dollar index fell from its highest level since the beginning of the week at 94.91, currently trading at levels of 94.72. US gross domestic product (GDP) in the second quarter rose by 4.1 percent as government spending rose, consumer spending rose, and farmers rushed to ship soybeans to China to beat tariffs before they came into effect.
The markets are looking forward to the BOJ meeting next week, where news of its discussions to adjust its framework to reach the target of price as it has weakened. Tokyo's consumer price index rose by 0.8% in July and is still far from the target of 2%.
