U.S. GDP growth

Stronger Canadian Dollar

June 28, 2018

Today’s major dollar change has been a decline against other North American currencies. The loonie is up 0.7%, as investors have become more confident that the Bank of Canada will raise its interest rate after the July Board meeting. The Mexican peso has also strengthened. Against other currencies, the dollar shows no net change against […] More

Is U.S. Growth Really Strengthening?

March 28, 2018

Although the first derivative of the U.S. economy’s size has been very consistently positive, the answer to the above question is more debatable. In the nearly nine years since the Great Recession ended in mid-2009, real GDP rose in 35 of 36 quarters through end-2017, and the exception was a mere 0.9% annualized on-quarter dip […] More

A Few Observations on the U.S. GDP Report

January 30, 2013

Analysts had anticipated slower economic growth in the final quarter of 2012 but not a 0.1% annualized contraction of GDP.  The politician/layman’s definition of a recession requires two straight quarters in which real GDP shrinks.  The more technical  requirements of the economists entrusted with dating economic downturns looks at monthly data for such things as […] More

Big Picture Reflections on Today’s U.S. Data

September 29, 2011

People who trade currencies daily put a heavy emphasis on how reported data compare to street forecasts, and whether a number is deemed bullish or bearish hinges on that immediate litmus test.  Today’s upward revision of second-quarter U.S. GDP growth to 1.3% from 1.0% was a bigger improvement than predicted.   New U.S. jobless claims of […] More

U.S. GDP Growth

January 28, 2011

U.S. real GDP growth strengthened to 3.2% annualized (saar) last quarter from 2.6% in the third quarter and 1.7% in 2Q.  GDP was 2.8% higher than in the final quarter of 2009 versus a net rise of just 0.2% between 4Q08 and 4Q09.  Real final sales expanded by a robust 7.1% saar, with advances of […] More