US GDP moves the markets

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


At 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The initial reaction to the publication was a US Dollar decline.

The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%.

The US Gross Domestic Product publications consist of three releases over the span of a quarter. First one and the one with most impact is the Advance release. Second comes the Preliminary publication. Last but not least is the Final GDP.
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