Created
: 2025.03.27
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
World FX news
Breaking news
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
New
2025.03.27 22:03
2025.03.27 22:03
2025.03.27 22:03
- US' GDP grew at an annual rate of 2.4% in the fourth quarter of 2024.
- The US Dollar Index stays in negative territory above 104.50.
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.4% in the fourth quarter. This reading came in above the market expectation and the previous estimate of 2.3%.
"The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased," the BEA explained in its press release.
Market reaction
The US Dollar (USD) fails to benefit from this data. At the time of press, the USD Index was down 0.35% on the day at 104.32.
GDP FAQs
A country's Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading, however, if temporary shocks impact growth in one quarter but are unlikely to last all year - such as happened in the first quarter of 2020 at the outbreak of the covid pandemic, when growth plummeted.
A higher GDP result is generally positive for a nation's currency as it reflects a growing economy, which is more likely to produce goods and services that can be exported, as well as attracting higher foreign investment. By the same token, when GDP falls it is usually negative for the currency. When an economy grows people tend to spend more, which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation with the side effect of attracting more capital inflows from global investors, thus helping the local currency appreciate.
When an economy grows and GDP is rising, people tend to spend more which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold versus placing the money in a cash deposit account. Therefore, a higher GDP growth rate is usually a bearish factor for Gold price.
Last updated
: 2025.03.27
Related articles
USD/CHF plummets to its lowest level since 2015, below mid-0.8000s amid bearish USD
19 minutes agoAUD/JPY falls below 90.50 due to rising odds of BoJ rate hikes
38 minutes agoEUR/USD breaks above 1.1500 as Trump mulls over Powell's removal
41 minutes agoUSD/CAD Price Forecast: Declines to near 1.3800 as US Dollar nosedives
49 minutes agoNZD/USD Price Forecast: Breaks above 0.6000, next barrier appears near six-month highs
2025.04.21 17:02Forex Today: US Dollar selloff resumes after Good Friday, Gold renews record high
2025.04.21 16:06
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF plummets to its lowest level since 2015, below mid-0.8000s amid bearish USD
The USD/CHF pair attracts heavy selling at the start of a new week and plummets to levels just below mid-0.8000s, or the lowest since January 2015 during the first half of the European session.
New
2025.04.21 17:57AUD/JPY falls below 90.50 due to rising odds of BoJ rate hikes
The AUD/JPY pair extends its decline for a second straight session, hovering around 90.40 during Monday's European trading hours. The Japanese Yen (JPY) continues to strengthen, supported by rising expectations that the Bank of Japan (BoJ) will persist with its interest rate hikes.
New
2025.04.21 17:38EUR/USD breaks above 1.1500 as Trump mulls over Powell's removal
EUR/USD rallies to near 1.1570 at the start of the week, the highest level seen in three-and-a-half years. The major currency pair strengthens as the US Dollar (USD) falls further due to escalating doubts over its safe-haven status.
New
2025.04.21 17:35USD/CAD Price Forecast: Declines to near 1.3800 as US Dollar nosedives
The USD/CAD pair slides to near 1.3800 in Monday's European session, the lowest level seen in six months. The Loonie pair slumps as the US Dollar (USD) underperforms its peers, with the Federal Reserve (Fed) under threat from United States (US) President Donald Trump.
New
2025.04.21 17:27NZD/USD Price Forecast: Breaks above 0.6000, next barrier appears near six-month highs
The NZD/USD pair extends its winning streak that began on April 9, trading around 0.6010 during early European trading hours on Thursday. Technical indicators on the daily chart point to a bullish bias, with the pair holding above the nine-day Exponential Moving Average (EMA).
New
2025.04.21 17:02Forex Today: US Dollar selloff resumes after Good Friday, Gold renews record high
Here is what you need to know on Monday, April 21:
New
2025.04.21 16:06US Dollar Index slumps below 98.50 on trade war woes
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, falls to near 98.30, the lowest since March 2022.
New
2025.04.21 16:02India Gold price today: Gold resumes uptrend on Easter Monday
Gold prices returned to the green zone in India on Eaaster Monday, tracking the renewed record-setting rally in its Comex counterpart.
New
2025.04.21 15:43GBP/JPY Price Forecast: Bearish outlook remains in play below 188.50
The GBP/JPY cross weakens to near 188.45 during the early European session on Monday. The ongoing uncertainty over US President Donald Trump's trade tariffs continues to weigh on investors' sentiment, which boosts safe-haven currencies like the Japanese Yen (JPY).
New
2025.04.21 14:54EUR/GBP rises above 0.8600, traders focus on US-UK trade talks
EUR/GBP extends its gains for the second successive session, trading around 0.8600 during the Asian hours on Monday.
New
2025.04.21 14:46Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
