An important indicator may support the USD

An important indicator may support the USD

The United States will release the level of preliminary GDP growth on August 29, at 15:30 MT time.

The GDP growth shows the change in the value of all goods and services produced by the economy. Economists pay attention to this indicator as it represents the economic activity of a country. According to the forecasts, the indicator will advance by 2%.

• If the actual level of indicator is higher than the forecast, the USD will rise;

• If the actual level of indicator is lower than the forecast, the USD will fall.

Check the economic calendar

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