Home / Market Update / Forex Market / US economy grows at an annual rate of 2.9% in Q4

US economy grows at an annual rate of 2.9% in Q4

The US economy expanded at an annualized rate of 2.9% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. 

This reading followed the 3.2% growth recorded in the third quarter and came in slightly better than the market expectation for an expansion of 2.6%.

The US Dollar Index struggles to gain traction despite the upbeat data and was last seen posting small daily gains at 101.75.

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …