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Q4 GDP holds at +2.2%, USD Eases from Daily Highs

Q4 GDP holds at +2.2%, USD Eases from Daily Highs

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Q4 consumption revised higher to +4.4% from +4.2% annualized.

- Headline GDP dragged down by lower inventory build up.

- See the March forex seasonality report for trends in the QE-era.

See the above video for technical considerations in the USDOLLAR Index, as well as a breakdown of the final Q4 GDP report that's seen the US Dollar trade broadly off of its daily highs.

Read more: Is the USDOLLAR Establishing a Bottom?

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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