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🔵Let the picture be clear to everyone today:
🔷 The most important event today is the release of the US Gross Domestic Product, which will be issued in about 25 minutes from now.
🔷 The forecast is that the output will decline from 1.6% to 1.2%, so any result above 1.2% will be in favor of the dollar.
If the actual result is the same as expected at 1.2% or lower, it would be negative for the dollar as it indicates a recession.
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