The dollar trims losses while Treasury yields rise after U.S. GDP data shows stronger-than-expected growth in the third quarter. The U.S. economy expanded at an annual rate of 4.3% in the July to September quarter, above the 3.2% forecast by economists in a WSJ survey. The DXY dollar index rises to 98.070 following the data release, from 97.919 beforehand, although it remanis lower on the day. The dollar looks vulnerable if U.S. third-quarter economic growth data at 1330 GMT are weaker than forecast.Any evidence of economic cooling would likely reinforce expectations for further interest-rate cuts by the Federal Reserve next year, dragging yields lower and weakening the dollar further,In particular, the Bank of Japan’s recent rate rise could encourage capital inflows into the yen, further weighing on the dollar if U.S. data disappoint. Are Trump policies good for the dollar ?

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