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30 Jul 2021

US: Atlanta Fed's GDPNow stands at 6.1% for Q3 after latest US data

The real gross domestic product (GDP) in the United States is expected to grow by 6.1% in the third quarter of 2021, the Federal Reserve Bank of Atlanta's latest GDPNow report showed on Friday.

"The initial estimate of second-quarter real GDP growth released by the US Bureau of Economic Analysis on July 29 was 6.5%, 0.1 percentage point above the final GDPNow model nowcast released on July 28," Atlanta Fed noted in its publication.

Market reaction

Market participants showed no reaction to this report and the US Dollar Index was last seen gaining 0.25% on the day at 92.10.

Jul 30, 2021

US: NY Fed's GDP Nowcast rises to 4.2% for Q3 after this week's data

The US economy is expected to grow by 4.2% in the third quarter of 2021, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Fri
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Jul 30, 2021

GBP/USD drops further to 1.3890, but secures weekly gains

The GBP/USD failed to hold to gains on Friday and tumbled to 1.3890, reaching the lowest levels since Wednesday. Despite the decline, cable is about t
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