FOREX-Dollar gains as stocks rise on U.S. GDP data

Thu Aug 28, 2008 5:06pm EDT

(Updates with latest market moves)

NEW YORK, Aug 28 (Reuters) - The U.S. dollar rose against the euro on Thursday, reversing previous declines, as stocks rallied on news of unexpectedly strong U.S. growth in the second quarter, easing concerns about the economy.

The euro was down 0.2 percent at $1.4688 while the yen was little changed at 109.55 yen . (Reporting by Nick Olivari; Editing by James Dalgleish)