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