More important: GDP or interest rate?

Beginner Questions
1

Hello traders,

I’m following GDP and Interest rates. Which one is more important?

USA has GDP 2.3 (QoQ) and Interest rate 1.75.
China has GDP 1.4 (QoQ) and Interest rate 4.35.

In this way I would like to buy USD, because GDP is 2.3 against China’s GDP 1.4.

2

I think both have their own importance as GDP is the key factor which affects the strength of the currency and interest rate does the same as well. So you have to keep an eye on both. Do you agree with me?

3

Yes, you are right :-), i think so. I am not a proffesional, I am just imagine that it could be truth :smiley:

4

Both have their own importance on the Forex market but interest rate has huge impact than the GDP Growth rate. Inrerest rate is the first thing that comes into the mind of the investors when they try to put some eggs in currency basket. You must be well aware of the economic data and its impacts while trading.