US preliminary GDP

US preliminary GDP

US preliminary GDP will be published at 15:30 MT time. This is the second estimate of American economic growth in the last 3 months of 2016. The first estimate released in January missed forecasts showing that the US economy grew at an annualized rate of 1.9% in Q4, below expectations of 2.2%. The greenback has direct correlation with this release. If the figures are revised to the upside, the US dollar will rise. In case of the downward revision USD will fall. 

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