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No surprises in the second release of US GDP: a minor upwards revision to 0.8% annualized, within expectations of 0.9%. Personal consumption remains unchanged at 1.9% but the drop in exports improves to -2% and sales move up to 1%.  Growth remains soft.

The US dollar is  ticking down, nothing earth shattering. Update: after the initial standstill, we do get new lows on EUR/USD as well as similar moves on other currency pairs.

The United States was expected to upgrade the GDP estimate for Q1 2016 to an annualized level of 0.9% instead of 0.5% reported in the first release.  See how to trade the US GDP with EUR/USD

The US dollar gained some ground ahead of the publication.

Later in the day we have a revision of the consumer sentiment for May by the UoM and a speech by Fed Chair Janet Yellen, although it isn’t focused on monetary policy.

EURUSD falling after US GDP May 27 2016

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