Will the US GDP support the dollar?
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Get ready for this anticipated publication:
US fourth-quarter economic growth report
Friday, January 26, 2018 at 13:30 GMT
Last quarter, the US Gross Domestic Product (GDP) has missed expectations, with a reading of 2.1% vs 2.2% forecast.
For the last quarter of 2017, the consensus sees a further expansion of the US economy and anticipates a reading of 2.3%.
What do you think?
Will the GDP support the USD? or will traders continue to drop the USD?
How will this report affect the markets?
Gross Domestic Product (GDP) gauges the inflation-adjusted value of all goods and services produced within the economy.
It is the most comprehensive measure of economic activity and an important indicator of economic health.
The US economy is viewed to be in great shape, yet fragile and investor sentiment seems to have picked this up, as a number of unresolved questions, such as the true economic impact of the new US fiscal policy, have negatively affected the course of the US dollar.