The US BEA revised Q4 GDP lower to 2.6% from 2.7%.

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• The US BEA revised Q4 GDP lower to 2.6% from 2.7%.
• US Dollar Index stays deep in negative territory below 102.50.

The real Gross Domestic Product (GDP) of the US expanded at an annualized rate of 2.6% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) final estimate showed on Thursday. This reading came in below the previous estimate and the market expectation of 2.7%.

“The revision primarily reflected downward revisions to exports and consumer spending,” the BEA explained in its press release. “Imports, which are a subtraction in the calculation of GDP, were revised down.”

The US Dollar stays on the back foot after this data and the US Dollar Index was last seen losing 0.38% on the day at 102.25.

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