US: Final estimate shows Q3 GDP grew by 2.3%, versus 2.1% expected

Joel Frank Independent Analyst

According to the US Bureau of Economic Analysis (BEA)'s final GDP estimate, the US economy grew at an annualised QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%.

Market Reaction

The DXY did not see any notable reaction to the final Q3 GDP estimate. The index has fallen back in recent trade to its lowest levels since last Friday around the 96.30 mark, but has, for now, found support in the form of its 21-day moving average, which resides pretty much bang on 96.30.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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