The Overtaking of US Dollar Following the Publication of GDPDeltafx Admin 30 January 2023
Gross domestic product (GDP) measures the annual change in the inflation-adjusted value of all goods and services produced by the economy. It is the most comprehensive measure of economic activity and the primary indicator of the health of the economy. The GDP index measures the annual change in the price of all goods and services included in the GDP group. This index is the most comprehensive inflation index. The release of a value that is higher than expected should be considered positive/bullish for the USD, while the release of a value that is lower than expected should be considered negative/bearish for the USD;
The US GDP index was released at 2.9% on January 26 at 1:30 p.m., 0.3% above forecasts.
It should be noted that the figure of the last period of this index was corrected and recorded at the level of 3.2%.
After the publication of a value that was above expectations for this index, the strength of the dollar against other major currencies increased.