Hans Nilsson, FX strategist at CMS Forex: “The greenback rose on Thursday as the US Q1 2008 GDP grew at a faster pace than initially estimated and US 10-year yields rose to a 5-month high. The dollar was also supported by Federal Reserve Bank of Dallas President Richard Fisher’s comment last night that the Fed will raise interest rates if inflationary expectations deteriorate further. Sterling declined on further signs of falling UK house prices.”