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Strong trade data and low jobless claims boost dollar as Q3 GDP looks to sizzle

The Atlanta Fed will release an update to its GDPNow forecast shortly and I expect it to rise above 5% from the current 4.9% reading. What's more is that a high number is getting increasingly easy to believe.Today the US reported a $58.3B trade deficit compared to $62.3B expected. That's the lowest deficit since the pandemic and a number that will feed directly into Q3 GDP.In response to the data, US Treasury yields rose once again with the 10-year climbing 3.6 bps to 4.77% from 4.71% before the... Read More

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Strong

Trade

Data

Jobless

Claims

Boost

Dollar

Looks

Sizzle

Forex

Posted: Oct 5 2023, 12:49

Author Name: forexlive

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