Forex news for US trading on November 23, 2015
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– U
US GDP came in at 2.1% which was as expected. The orginal estimate was 1.5%. Consumption was lower than expectations at 3.0% vs. 3.2%. Inventories accumulated at a higher pace than previously estimated. Higher inventories increase GDP but it can be at the expense of 4Q growth as businesses slow production to help absorb the bloated inventory levels.