LTG Gold Rock Foreign Exchange Knowledge Class: GDP of Economic Data Series
Economic data is a barometer of the economic development of the economy. The government and other institutions will count various types of data from different reference systems according to different reference systems, reflect the different aspects of the economy from different angles, thereby providing objective basis for economic policies.
From the perspective of exchange rate, economic data also affects the fluctuation of exchange rate, so interpretation of economic data has become an important aspect of the fundamental analysis of the exchange market.经济数据种类繁多，包括国内生产总值GDP、对外贸易、通货膨胀率、生产者物价指数、消费物价指数、批发物价指数、零售物价指数、采购经理人指数、消费者信心指数、商业景气指数、Building data, factory orders, personal income, car sales, average salary, commercial inventory, advance index, etc.
But different data have different influence on the foreign exchange market.As an economic data series, of course, from the data of the data of the data.
The US dollar is the most important currency in the foreign exchange market. We use US GDP economic data as the topic of this issue.
GDP is used to estimate the results of a country's final commodity and labor production. GDP GDP is an important comprehensive statistical indicator in the accounting system. It is also the core indicator of the national economic accounting system.Economic strength and market size, the growth of GDP reflects the impact of the country's economic growth state on exchange rate changes.
The high GDP growth rate of one country means that income increases and the increase in domestic demand levels will increase the country's import, which will lead to regular project deficit.In this way, the exchange rate of the country's currency will fall. If the country's economy is exported and economic growth is to produce more export products, the growth of exports will make up for the increase in imports and slow down the pressure of the decline in the currency exchange rate.
The faster the economic growth of a country means that labor productivity has increased rapidly and cost reduction, so it improves the competitive position of domestic products and is conducive to increasing exports and suppressing imports.And the high economic growth rate has made the country's currency optimistic in the foreign exchange market.As a result, the country's currency exchange rate will rise.
Frequency: once every quarter.
Release time: 8:30 a.m. Eastern United States.It is estimated to be announced in the last week of January, April, July, and October, and there will be two rounds of corrections in the future.Each amendment, one month apart.
Source: Economic Analysis Bureau of the US Department of Commerce.
Basic impact: If the announcement value is greater than the predicted value, it will be good for the dollar.
The GDP of this issue is here. Next issue, let's talk about another important economic consumer price index CPI .
