Atlanta Fed Q4 GDP Now Tracker Moves Up 3.7% From +2.7%

By Ross J Burland of FXStreet

Where Forex Never Rests • Dec 24, 2022 at 6:46 PM EST

The US Dollar, as measured by the DXY index vs. a basket of currencies is flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range of between 104.124 and 104.536 on the day.

low angle photo of flag of U.S.A

Photo by Nik Shuliahin 💛💙 on Unsplash

After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 3.4 percent and -0.2 percent, respectively, to 3.6 percent and 3.8 percent, respectively," the release from the US Census Bureau said.

US Dollar Update

The US Dollar, as measured by the DXY index vs. a basket of currencies is flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range of between 104.124 and 104.536 on the day. However, it has shown signs of recovery in a bullish correction love the past few days, supported by positive US data that has fueled speculation that the Fed will stay the course to fight inflation in 2023.

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