Based on the data released by the Commerce Department’s Bureau of Economic Analysis (BEA), it is expected that the advanced GDP Growth Rate for the first quarter of the year will show a contraction of 0.2%. This is a significant decrease from the previous quarter’s growth of 2.4%. In comparison, the GDP Price Index (also known as the deflator) remained strong, showing an increase of 3.7% on an annualized basis, as opposed to the 2.4% increase in the previous quarter. As a result of these numbers, the US Dollar Index (DXY) is now experiencing a decline and is nearing the 99.30 zone, or daily lows.