GDP Sales q/q comes in at 2.8% against 2.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
USD GDP Sales q/q was reported at 2.8% today, exceeding the consensus expectation of 2.2%. This figure also represents an increase from the previous quarter’s 2.2%. The actual print showed a 27.3% surprise against the consensus.
Following the release, the US Dollar showed broad weakness against major pairs. AUDUSD moved +14 pips 15 minutes after the release, which is at or above the typical top-quarter move of 14+ pips observed after past releases. EURUSD gained +15 pips, a move above its median 1-hour move of 11 pips. GBPUSD moved +15 pips, a move slightly below its median 1-hour move of 16 pips. NZDUSD saw a +13 pip gain, above its median of 9 pips. USDCAD fell -20 pips, above its median of 11 pips. USDCHF dropped -17 pips, also above its median of 10 pips. USDJPY declined -25 pips, a move above its median of 12 pips. Gold, XAUUSD, reacted with a significant +207 pip gain, substantially exceeding its typical top-quarter move of 92+ pips.