TOKYO, Aug 29 (Reuters) - The dollar held firm against a basket of currencies on Friday, consolidating gains made the previous day on data showing the U.S. economy grew at a faster pace than initially thought during the second quarter.
The U.S. currency held firm on Friday as a wait-and-see mood prevailed in a thin market ahead of the U.S. Labor Day holiday on Monday.
The dollar index was little changed at 77.120. The greenback slipped 0.1 percent against the yen to 109.35 yen. U.S. gross domestic product grew at a 3.3 percent annual rate in the second quarter compared with the initial estimate of 1.9 percent, the government said on Thursday.
The dollar inched up against the euro and yen on Thursday as the upbeat GDP figures lifted some of the gloom over the U.S. economy.
The dollar has benefited since late July from growing signs that economic weakness has spread beyond the United States.
The euro retreated against the dollar on the upbeat U.S. GDP, but it remained off the six-month low hit this week after the European Central Bank doused expectations for a rate cut.
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