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US Q2 GDP (second reading) 2.1% vs 2.1% expected

US second quarter GDP data

  • Preliminary reading was 1.5%
  • Personal consumption 3.0% vs 3.2% exp
  • GDP price index 1.3% vs 1.2% exp
  • Core PCE q/q 1.3% vs 1.3% exp

Separately, advance US trade balance:

  • $58.41 billion deficit vs $60.90B exp
  • Prior revised to $59.15B from $58.63

USD/JPY hit session lows at 122.36 after the GDP data from 122.50. A few seconds later the trade data was published and that aided a rebound to 122.45.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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