US: Real GDP expanded (second estimate) 2% in Q2 as expected

According to the US Bureau of Economic Analysis' second estimate, the real gross domestic product (GDP) increased at an annual rate of 2% in the second quarter of 2019 slightly lower than the previous estimate of 2.1%.

The US Dollar Index, which tracks the dollar's value against a basket of six major currencies, ignored the data and is now up 0.1% on the day at 98.30.

"The revision primarily reflected downward revisions to state and local government spending, exports, private inventory investment, and residential investment that were partly offset by an upward revision to personal consumption expenditures (PCE)," the publication read.

"Imports which are a subtraction in the calculation of GDP, were unrevised."