Atlanta Fed GDPNow revises model from 5.4% to 4% Q1GDP

Ross J Burland FXStreet

The Atlanta Fed GDPNow estimate for 1Q GDP has fallen to 4.0% from 5.4% at the last reading.

The dollar took a little hit on this with the DXY down to 89.858 within a range of 89.373 - 90.034 and some of the G10's recovering a little vs the greenback.

Currently:

EUR/USD is trading at 1.2347, down -0.33% on the day, having posted a daily high at 1.2435 and low at 1.2314.
GBP/USD is trading at 1.3916, down -0.37% on the day, having posted a daily high at 1.4002 and low at 1.3836.
USD/JPY is trading at 109.23, up 0.00% on the day, having posted a daily high at 109.67 and low at 108.46.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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