US: GDP expanded by 2.1% (YoY) in Q4 as expected
|- Real GDP in Q4 expanded by 2.1% annually as expected.
- US Dollar Index remains deep in the negative territory near 100.20 after data.
The real Gross Domestic Product (GDP) in the US increased at an annual rate of 2.1% in the fourth quarter of 2019, the US Bureau of Economic Analysis' (BEA) third estimate showed on Thursday. This reading came in line with the market expectation.
"In the third estimate, an upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment," the BEA noted in its publication.
Market reaction
Markets largely ignored this data. As of writing, the US Dollar Index was down 0.68% on the day at 100.25 and the 10-year US Treasury bond yield was down nearly 8% on the day at 0.795%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.