Strong Gains for the Dollar After a Sharp Upward Revision to GDP

25 September final Q2 GDP was positively surprising, one of the largest upward revisions to a final figure in recent years, and showing the strongest growth in nearly two years. This article summarises recent events affecting the dollar, primarily GDP, then looks briefly at the charts of EURUSD and GBPUSD. The upward revision to last quarter’s GDP seems to be particularly positive because it comes after a quarter of contraction and because the latest revision comes primarily from consumer spending: With ...