At noon, the dollar fetched
The euro was quoted at
The U.S. currency briefly fell below the 101.50 line in morning trading, after the Japanese government said its economy grew an annualized 1.0 percent in real terms during the last quarter of 2013, against the average market forecast of 2.6 percent.
"Usually, bearish gross domestic product data prompts the selling of a country's currency. However,
The GDP data led market players to question the efficacy of the "Abenomics" policies being spearheaded by Prime Minister
The dollar's decline also stemmed from a recent series of sluggish U.S. economic figures including manufacturing output in January released on Friday, raising uncertainty over the outlook for the U.S. economy, dealers said.
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