Dollar Slumps Below 100 as US GDP Misses Forecasts, Yen Jumps on Intervention Bets
Weaker-than-expected US growth and cooling inflation drive the USD lower, while suspected Japanese FX intervention lifts the JPY. The US Dollar Index (DXY) dropped 0.8% to near 100.00, breaching a key psychological level after US GDP grew at an annualized 1.5% in Q2, below