Preliminary data on the US GDP

Preliminary data on the US GDP in the third quarter showed a noticeable increase of 3.3%, which corresponds to the maximum value for the current year. On the other hand, the deflator slowed slightly, thereby having a deterrent effect on the American. For more information on statistics, please refer to the news line.

As a result, the US dollar index received support and came closer to a significant resistance of 93.400, from which the repulsion is possible. This index is limited by a downward monthly trend. Therefore, in the zone 93.400-500, one should expect a resumption of the decline if the fundamental data on the US does not continue to support the American.

Graph of the US dollar index. Current price – 93.250

Hanzenko Anton