U.S. GDP preliminary data - Ester Holdings
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U.S. GDP preliminary data

  • GDP (q/q) (Q3), fact 1.9%, forecast  1.6%.
  • GDP deflator (q/q) (Q3), fact 1.6%, forecast 1.9%.

Preliminary data on the US gross domestic product growth in the third quarter showed a less significant slowdown than expected, triggering a reduction in fear of a slowdown in the US economy. The GDP deflator slowed down more significantly, indicating a decline in consumer inflation in the long term. Given the slowdown of  the US economy, this report turned out to be moderately negative.

Fig. 1. U.S. GDP chart

At the same time, even the restrained data on the slowdown in the cooling of the US economy provided a significant support to the American dollar, causing an increase in the US dollar index. An additional support for the American dollar was rendered oversold by the pending of the US Federal Reserve meeting results. But, given the same data from the US Federal Reserve meeting, the upward trend of the American dollar remains limited by the trading range from 97.80-90 to 97.60-50.

Fig. 2. The US dollar index chart. Current price – 97.70 (10-year US government bonds yield – blue line)

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Hanzenko Anton


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