+447418397959 | premiuminvestmentservices@gmail.com

US: Economy expanded by 2.1% in third quarter as expected

  • US economy grew 2.1% in Q3 as previously estimated.
  • US Dollar Index advanced to fresh 10-day highs above 97.60.

The US economy expanded by 2.1% on a yearly basis in the third quarter, the US Bureau of Economic Analysis reported in its final estimate on Friday. This reading matched the previous estimate and also came in line with the market expectation.

The US Dollar Index preserved its recovery momentum after the data and was last up 0.2% on the day at 97.60.

Further details of the publication revealed that the GDP Price Index in the third quarter remained steady at 1.7% to fall short of the market expectation of 1.8%.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Original Article

About the Author

Leave a Reply