(Reuters) - Revised U.S. data on first-quarter growth at 1230 GMT is forecast to show a downward revision from the initial estimate, but the May non-farm payrolls report on Friday is expected to show a rise, while a snapshot of manufacturing activity, also due on Friday, is seen holding up well in May.
The dollar has clawed back from a record low hit against the euro in April and a 26-year low against the pound as worries about the U.S. economy's health have eased, reducing speculation of lower rates that would erode the greenback's yield appeal.
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The dollar has clawed back from a record low hit against the euro in April and a 26-year low against the pound as worries about the U.S. economy's health have eased, reducing speculation of lower rates that would erode the greenback's yield appeal.
Read more at Reuters.com Hot Stocks News
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