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A Rather large dissappointment from US GDP figures. Its rare that we see this kind of down-revision in the final estimate.
This is not positive for the US rate outlook, but the strong rally in fixed income in the last week has priced in this kind of revision already.
Hard to see that USD should go higher on these figures.
Market will take few minutes to digest the figures.
posted by GoldTrade @ 5:01 AM
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