U.S. GDP data
- GDP (q/q) (Q4), fact 2.2%, forecast 2.4%.
- GDP deflator (q/q) (Q4), fact 1.9%, forecast 1.8%.
- Initial jobless claims, fact 211K, forecast 220K.
Report on the US GDP for the fourth quarter was very mixed. Thus, the measurement of GDP in quarterly terms slowed down more significantly than expected, but accelerated in the deflator of the US GDP, which measures the annual change. If GDP figures were mixed, the data on the number of initial claims for unemployment benefits provided clear support to the American dollar.
Fig. 1. U.S. Deflator GDP (q/q) (Q4.) chart
According to the results of the publication of data on the US GDP, the US currency accelerated growth against a basket of competitors. The main growth of the American dollar traced against European currencies. Strengthening the US dollar index will be limited by its overbought and resistance levels of 97.20 and 97.40.
Fig. 2. The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)
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Hanzenko Anton
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