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NEW YORK, Aug 30 (Reuters) The dollar was little changed against the euro on Wednesday after government data showed revisions to second-quarter U.S. economic growth and underlying inflation estimates were broadly in line with expectations.

The U.S. economy grew at an annual pace of 2.9 percent, slightly faster than originally reported, but growth was more or less consistent with market forecasts.

Early in New York, the euro was flat against the dollar at $1.2816.

The so-called core personal consumption expenditures (PCE) price index, the Fed's preferred measure of inflation, was revised slightly downward to a 2.8 percent gain from an originally reported 2.9 percent rise.

''The data looked pretty neutral to me and didn't really have much of an impact on the dollar,'' said Richard Franulovich, senior currency strategist at Westpac Banking Corp. in New York.

The median forecast for the first revision of annualized second-quarter GDP growth was 3.0 percent, up from the preliminary estimate of 2.5 percent, according to analysts polled by Reuters.

''It does suggest that the economy is slowing down from the first quarter. But today is not really a big day. We have bigger things to look forward to later in the week,'' Franulovich added.

In the first quarter, the U.S. economy grew 5.6 percent.

Futures markets showed perceived chances of a Federal Reserve interest rate hike at its Sept. 20 meeting at 12 percent after the number, unchanged from levels before the GDP report was released.

Against the yen, the dollar held gains to 117.07 yen. A slew of weak Japanese data last week has hurt the yen, trimming expectations of another interest rates hike by the Bank of Japan this year.

The dollar fell on Tuesday after minutes of the Fed's last meeting suggested the central bank was in no rush to raise interest rates again after pausing a more than two-year tightening campaign earlier this month.

Markets, however, were reluctant to sell the dollar aggressively with the release of a monthly U.S. jobs report due on Friday that could shed light on whether the Fed will keep interest rates at 5.25 percent for some time.

Earlier, the dollar showed little reaction to a survey showing U.S. private employers added 107,000 jobs in August.

REUTERS PKS ND1848

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