US GDP surprises markets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%.

The event caused a surge of US stock indices and the US Dollar. The USD surged due to the data indicating that the US Federal Reserve does not have to cut interest rates, as the economy remains strong.
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