Final Q2 US GDP to Do Little to Comfort Dollar Next Week

The Final gross domestic product (GDP) will be released on Friday, September 25. This is the third and final GDP release the is published 85 days after the end of the quarter. The U.S. economy had a terrible first quarter so all eyes were on spotting signs of a recovery as the advanced and preliminary GDPs were announced.



The GDP in the second quarter has exceeded expectations and is on track to record 3.7 percent growth. The Commerce Department revised the advanced GDP number from 3.2 percent but the final number should be closer to the advanced report. Improving GDP was one of the factors the market was counting on to persuade the Federal Reserve to deliver its much-awaited interest rate hike. The final GDP figures, will probably have a subdued impact on the USD as even exceeding expectations would do little to boost the currency.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza