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The U.S. Department of Commerce announced the revised value of U.S. GDP in Q2. Data showed that the U.S. real GDP in Q2, adjusted for seasonality and inflation, was revised to 2.1% quarter-on-quarter from the initial value of 2.4%, which was lower than the expected 2.4%. This is equivalent to the fact that the data was unexpectedly revised downwards. The market originally expected that the revised value would not be adjusted. After the data was released, the U.S. dollar index fell. The reason is that business investment fell relative to the initial estimate, offsetting growth in consumer spending. $ADP$ The data also fell short of expectations, and the labor market cooling expected by the Fed may have already arrived.


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#ADP# #USD Index# #GDP#
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