Read more
XTB Online Trading

BREAKING: USD extends gains after US GDP first release 💵

12:31 PM 30 October 2024
  • 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.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

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.

 

 

Share:
Back

Market News

14.03.2025
19:10

Daily summary: Wall Street rebounds at the end of the week, US30 surges 1.2%🗽Bitcoin gains 4%

U.S. indices are experiencing their first major rebound after a series of declines. Leading the recovery is the Nasdaq, up +2.3%, followed by the Russell...

 17:18

Cocoa tumbles 4% hitting 4-month lows on ICCO surplus, rising ICE inventories 📉

Futures on COCOA tumble 4% today on ICE, hitting 4-month lows pressured by improving supply, easing tight-market tensions and pressuring large speculators...

 16:42

US department store giant Macy's shares deepen declines, losing 5% 📉

Shares of one of the biggest US departments stores, Macy's (M.US) lose almost 5% today, despite a rebound across the US indices. The company confirmed...
More news

Join over 1 000 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits