US GDP growth: keep an eye on the USD

US GDP growth: keep an eye on the USD

The United States will publish the level of preliminary GDP growth at 15:30 MT time on November 27. The indicator represents the annualized change in the value of all goods and services produced by the economy. Traders pay attention to the preliminary release, as it gives a preview into the economic activity of a country.   If the economic conditions are good, the Federal Reserve will consider applying changes to the current interest rate to the upside. According to the forecasts, the preliminary GDP growth will advance by 1.9%. 

• If the actual level is higher than the forecasts, the USD will rise.

• If the actual level is lower than the forecasts, the USD will fall. 

Check the economic calendar 

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