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March, 28 - excellent GDP data help dollar grow

Quarterly GDP is a big deal in the trading world. With GDP being a perfect tool to measure health of the currency, quarterly GDP gives us a fuller and more recent picture. That is why usually traders wait for the quarterly GDP data as soon as quarter ends. And it seems that this time we finally are getting a good piece of data as can be seen by the performance of the greenback, GDP of which we have received just an hour ago.

 

USD 28.03.2019

 

At the chart that shows us the movement of American currency for today we can see a much-needed growth of the greenback. Of course it is bad news for other currencies, but overall growth of USD is a good sign for American economy.

 

What is going to happen to gold, oil, EUR/USD and other assets traded against the dollar? You can find out by using out trading signals right now!

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