The US economy is expected to grow 4.9% in the second quarter of 2021, it showed on Friday the last report 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 0.25%,” the New York Fed publication reads. “Negative impacts from advanced retail sales, industrial production and capacity utilization data accounted for most of the decline.”
Market reaction
This report does not appear to have a significant impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index is down 0.38% on the day at 90.37.
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