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The US dollar soared on strong GDP figures for the fourth quarter

26 Jan,2023
The US dollar soared on strong GDP figures for the fourth quarter

The greenback advanced on Thursday amid the release of positive US economic figures for the Q4.

GDP surged by 2.9% on an annual rate, predictions hovered around a tick up by 3.2% according to a poll conducted by Reuters, the US economy expanded earlier by 3.2% for the Q3.

Meanwhile, the unemployment initial claims slipped 6,000 revised at 186,000 for the previous week wrapped up on the 21st of January.

Eyes are now on the anticipated central banks meetings for both the Fed and ECB that are scheduled to be conducted the upcoming week.

EUR/USD edged 0.28% lower at $1.0884, a bit close to the highest level touched in 9 months at $1.09295 couple of days ago.

GBP/USD muted versus the greenback, gearing towards wrapping up the week with mild gains, which are considered to be the third week gains in a row.

USD/JPY rallied by 0.59% at 130.345 yen.

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