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USD Rallies as U.S. GDP Growth Surges in Q2 2024

By FXCOINZ Editorial

25/07/2024

The United States’ Gross Domestic Product (GDP) grew at an annual rate of 2.8% in the second quarter, according to the US Bureau of Economic Analysis’ initial estimate released on Thursday. This growth rate follows the 1.4% expansion seen in the first quarter and surpasses market expectations, which had predicted a 2% increase.