In the US on Thursday morning we get the first estimate for economic growth in the second quarter ... the Q2 GDP report
- Expected is +2.5% (annualized q/q) .... that's the Bloomberg survey. The Wall Street Journal survey expected is +2.7%
- Prior was -0.2%. There will be revisions to the Q1 data, and these could be substantial if seasonal adjustment factors are altered. Even if sa factors are not revised revisions could make the first quarter result well above -0.2% (to +1.0%, I've seen)
Higher than the 2.5% will be a USD bullish input, while lower will be a negative input