USD to get further direction from Q4 GDP – Rabobank

In view of analysts at Rabobank, today, the dollar may get further direction from the initial release of US GDP for the final quarter of 2017.

Key Quotes

“According to the Bloomberg consensus, the market is expecting a slight loss of momentum in the US expansion, with a forecast of 3.0% q/q annualised compared to a Q3 growth rate of 3.2%.”

“However, if we are to believe the Atlanta Fed’s GDPNow index, we could see some upside surprises to that consensus estimate. The Atlanta Fed’s model, which uses the various economic data releases throughout the quarter, has edged up since mid-January and suggests that growth actually accelerated to 3.4% in the final quarter.”