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NEW YORK air max plus outlet , May 29 (Xinhua) -- The U.S. dollar mixed against other currencies Friday as the second read of U.S. first-quarter gross domestic product (GDP) came out negative.


The U.S. Commerce Department announced Friday that the second estimate of real GDP decreased at an annual rate of 0.7 percent in the first quarter of 2015. It had estimated last month that the economy expanded 0.2 percent in the first quarter.


Traders are closely watching the progress of the Greek debt situation. European official said Thursday that the two sides still had some way to go before any agreement could be concluded.


In late New York trading, the euro gained to 1.0980 dollars from 1.0957 dollars of the previous session, and the British pound decreased to 1.5290 dollars from 1.5322 dollars. The Australian dollar went down to 0.7655 dollars from 0.7656 dollars.


The dollar bought 124.06 Japanese yen, higher than 123.89 yen of the previous session. The dollar moved down to 0.9401 Swiss francs from 0.9426 Swiss francs air max outlet clearance , and it moved up to 1.2445 Canadian dollars from 1.2423 Canadian dollars.


DUBAI, June 22 (Xinhua) -- Real estate in the United Arab Emirates (UAE) is likely to lead to a moderate 10 to 20 percent correction in Dubai residential real estate prices, acording to the rating agency Standard and Poor's (S&P) in a study released Monday.


The UAE real estate market, after years of thriving during the rebound following the Great Recession air max outlet sale , increasingly shows signs of exhaustion. "After reaching a peak in 2014, the property market in the UAE is set to soften in 2015 and early 2016," said the S&P report.


Dubai housing prices fell slightly in the first quarter of 2015 - with apartments down 2 percent and villas down 1 percent - compared with the final three months of last year, according to property consultants JLL and CBRE.


The main driver behind the decline is the slump in oil prices and the steady flow of new units entering the market as according to REIDIN air max shoes outlet , 20,170 additional units are expected to be delivered in 2015 in Dubai.


"Given the role of this commodity in the region, domestic economic growth in the UAE is likely to stagnate markedly in 2015 and 2016," said S&P credit analyst Franck Delage.


Oil prices plummeted to half price from June 2014 to February this year nike air max outlet , triggering the Washington-based International Monetary Fund to slash its growth forecast for the UAE's economy - a member of OPEC and a major oil supplier - to 3.2 percent for 2015, down from its earlier projection of 3.5 percent.


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