US GDP is above expected

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


The United States statisticians have just released the Preliminary quarterly GDP and weekly Unemployment Claims.

The GDP was forecast to show an increase of 2.8%. Actual number is 3.0%.

The Unemployment Claims were expected to show 232,000 claims. The forecast was almost exact, as 231,000 people have claimed unemployment benefits.

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 already being priced in.
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