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US GDP surprises markets

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Thu, 25 Jan 2024 13:42:14 GMT

Supply: Dukascopy Financial institution SA

The USA Advance Gross Home Product publication has surprises the monetary markets, as a significant beat of forecast has occurred. Markets anticipated GDP to have elevated by 2.0%. As an alternative the US financial system has grown by staggering 3.3%.

The occasion prompted a surge of US inventory indices and the US Greenback. The USD surged because of the knowledge indicating that the US Federal Reserve doesn’t have to chop rates of interest, because the financial system stays robust.

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