1:33 PM · 30 August 2023

BREAKING: Dollar weakens after lower US GDP report!

US, US GDP report for Q2.

GDP growth (annualized). Actual: 2.1%. Expected: 2,4%. Previous: 2.0%
PCE core. Actual: 3.7% QoQ. Expected: 3.8% QoQ. Previous: 4.9% QoQ

Final US GDP for Q2 came lower than expected at 2.1% y/y versus 2.4% expected. EURUSD ticks higher after the publication. US economy may not be as strong as previously expected and thus it lowers chances for the next hikes. The really important macro data will be released tommorow regarding US labor market.

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