The US economy grew by 2.9% in the last quarter of 2017, better than the 2.7% growth forecast, but slowed compared to the third quarter of the same year, which grew by 3.2%. The rise in consumer spending helped offset the import rising barrier partially.
The data pushed the greenback up significantly, as USD index hit the highest level since March 22 at 89.52, while the euro fell to a low of 23 March at 1.2334 to test the broken 4-hour downtrend line.
The US economy grew by 2.3% in 2017, which is accelerating compared to 2016, when the economy grew by 1.5%.
On the other hand, rising risk appetite in the markets followed Chinese statements on the opening of Kim Young, the North Korean leader on talks with the United States, pushing the USDJPY from its daily low to reach its highest level since Wednesday at 106.33.
