1:31 PM · 30 October 2024

BREAKING: USD extends gains after US GDP first release 💵

US GDP QoQ Advance Actual 2.8% (Forecast 2.9%, Previous 3%)
US Core PCE Prices Advance Actual 2.2% (Forecast 2.1%, Previous 2.8%)

The U.S. dollar extended gains following the release of the initial Q2 GDP report, which, despite indicating strong economic growth at 2.9%, fell below expectations.

Preliminary data shows another quarter of strong U.S. economic growth. With such figures, investors aren’t concerned about an impending recession. The dollar is gaining because a strong economy combined with a robust labor market (ADP) increases the likelihood of a hawkish stance from the Fed at its next meeting in November.

3 June 2026, 7:52 AM

AUDUSD: Australia GDP slows as markets focus on the RBA policy outlook 🪙

3 June 2026, 7:23 AM

Economic calendar: PMI reports and the US labor market in the spotlight 🔎

3 June 2026, 6:52 AM

Morning wrap (03.06.2026)

2 June 2026, 3:03 PM

BREAKING: JOLTS data beats expectations!

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