Dollar down, euro up as US GDP data fails to sway market

New York

THE US dollar was broadly lower on Friday as a combination of uninspiring US economic data and political uncertainty kept traders biased towards the euro and other world currencies.

The euro and other major currencies rose against the dollar after the release of US second-quarter gross domestic product estimates that largely met economists' expectations.

Some analysts pointed to a smaller-than-expected increase in US labour costs, but others sugge…