Thu, 29 Aug 2024 12:38:02 GMT
US GDP moves the Dollar
The United States statisticians have just released the Preliminary quarterly GDP. The GDP was forecast to show an increase of 2.8%. Actual number is 3.0%. The US Dollar initially reacted to the news with a minor spike up, as the good data is sort of a signal that the Fed might not need to cut rates, despite the rate cut