US GDP revised to 3.5% in final Q3 read – USD rises

The US was expected to report a small upgrade to Q3 GDP, from an annualized estimate of 3.2% in the second read to 3.3% in the third and final call. This publication is accompanied by a big bulk of other releases, most notably, durable goods orders.

The US dollar was trading in a mixed fashion ahead of this release, the last significant event before Christmas settles in.

US Data (updated)

• GDP: previous 3.2%, expected 3.2%, actual:
• Jobless claims: prev. 254K, exp. 256, actual:
• Durable goods orders: prev. 4.6%, exp. -4.7%, actual:
• Core durable goods orders: prev. 0.8%, exp. 0.2%, actual:

Note that also Canada released important data: CPI and retail sales.