The US dollar declined from the highest level in two weeks and attention on growth data

The US dollar extended the decline of European market on Wednesday within corrections and rebound from the highest level in two weeks registered yesterday against a basket of currencies and awaits investors US economic growth data for the first quarter of this year, the European currency rose euro optimistic about solving the Greek debt crisis at a meeting of finance ministers the European Union.

The US dollar index is trading by the time 11:50 GMT on the level of 95.29 points from the opening level of 94.56 points and recorded the highest level of 95.65 points and 95.11 points, the lowest level.

And achieved the dollar index during trading yesterday, up by 1.2 percent the largest daily gain since the middle of last month, and in the third daily gain in a row, to its highest level in two weeks 95.87 points, with the support of strong data for the Gaza US housing and statements Jerome Powell, one of the members of the monetary policy makers Federal Reserve " US central "and which he asserted that the US economy has become ready to raise interest rates during the current year.

The US economy is expected today growth data for the first quarter with a final reading of GDP by the issuance at 12:30 GMT is expected to contract 0.2 percent after the previous reading recorded a contraction of 0.7 percent, recorded the largest economy in the world growth rate of 2.2 percent during the last quarter of last year.