The dollar is climbing after GDP crushes

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The dollar is climbing after GDP crushes

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  • The dollar climbed higher Friday after GDP crushed estimates.
  • The US dollar index was up by 0.5% at 95.10 at 8:43 a.m. ET.
  • Data from the Commerce Department showed that GDP increased by 3% in the third quarter, even after hurricanes disrupted activity in parts of the country.
  • Economists had forecast that growth slowed from the second quarter to an annualized pace of 2.6%.
  • The US dollar index is up by nearly 3.5% since early September.

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