Home US GDP revised to 3.2% – above expectations – USD rises
Forex News Today: Daily Trading News

US GDP revised to 3.2% – above expectations – USD rises

Better than expected data from the US: the economy grew by 3.2% annualized in Q3 according to the updated data. Consumption has been upgraded to 2.8%, but the investment was downgraded.

The US dollar is slightly stronger, more against the yen than against others.

US GDP was expected to be revised up from 2.9% annualized to 3% in Q3 2016. There is still one more release coming up in late December. The  US economy rebounded after 3 poor quarters.

The dollar was looking good  ahead of the publication.

Follow our live coverage with Valeria Bednarik:

Trade safely.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.