US GDP Revised To 3.2% – Above Expectations – USD Rises

Better than expected data from the US: the economy grew by 3.2% annualized in Q3 according to the updated data.

Better than expected data from the US: the economy grew by 3.2% annualized in Q3 according to the updated data. Consumption has been upgraded to 2.8%, but the investment was downgraded.

The US dollar is slightly stronger, more against the yen than against others.

US GDP was expected to be revised up from 2.9% annualized to 3% in Q3 2016. There is still one more release coming up in late December. The US economy rebounded after 3 poor quarters.

The dollar was looking good ahead of the publication.

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