The US economy is expected to grow 4.6% in the second quarter of 2021, the latest report showed on Friday. Nowcasting from the Federal Reserve Bank of New York.
“The news of this week’s data release lowered the immediate forecast for 2021: the second quarter by 0.3%,” the New York Fed explained in its release. “A negative surprise from the housing construction data drove the decline.”
Market reaction
This report does not appear to have a noticeable impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index was up 0.23% on the day at 89.95.
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