The preliminary quarter-on quarter GDP figures for the US will be released at 1:30pm UK time today. Investors will be watching closely as the data will provide the broadest measure of economic activity in the US as well as a primary gauge of the economy’s health.
If the growth rate figures expand by 2.8% as expected, and compared to last quarter’s jump to 3.2%, this among other factors could potentially weaken the dollar.
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