The GDP of the United States grew by 3.8% in the second quarter, exceeding estimates, which led to the appreciation of the dollar against other currencies.

According to revised data from the Department of Commerce, the U.S. GDP grew by 3.8% in the second quarter, compared to previous estimates of 3.3%. This growth led to the appreciation of the dollar, which reached recent highs against the euro and yen. Investors anticipate that the Federal Reserve may limit future interest rate cuts, while Treasury bond yields have risen. Indices on Wall Street closed lower, amid an assessment of a more resilient economy and cautious monetary policy.