Preliminary US GDP data released yesterday showed a 5% decline. This is the first quarterly contraction of the economy since the beginning of 2014, as well as the lowest since the fourth quarter of 2008. Then, against the backdrop of the financial crisis, the economy fell 8.4% year on year.
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This data has little effect on the dynamics of the US dollar, however, it can be used at the time of publication of similar data in other countries. With more positive indicators, it is possible to strengthen the growth of the national currency, the GDP of which will be published.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #USA #GDP
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This data has little effect on the dynamics of the US dollar, however, it can be used at the time of publication of similar data in other countries. With more positive indicators, it is possible to strengthen the growth of the national currency, the GDP of which will be published.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #USA #GDP