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US GDP grew an annualized 1.9% in Q4 2016, below the 3.5% prior quarter and the 2.2% forecast. Durable goods orders fell 0.4% in December, and the dollar index traded in a range.
Slower US growth reduces the pressure for faster Fed hikes, which weakens the dollar and modestly supports dollar-priced commodities.
econotimes.comFxWirePro TeamJan 30, 2017After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
