Positive data from U.S economy: GDP data increased

Positive data from U.S economy: GDP data increased


U.S. GDP grew in line with expectations to 4.6% in the second quarter of 2014, compared to 1.4% growth in the first quarter. Then the US Dollar index remained trading near the highest level since July 2010.

On the other hand, the US stocks extended gains, for example: the S&P 500, Dow Jones Industrial Average and Nasdaq have recovered following the pre-market releases.

As a result, the positive GDP data added expectations of an early U.S. rate hike, after Dallas Federal Reserve President Richard Fisher said that the U.S central bank may start raising interest rates around the spring of 2015.

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