US GDP rose 3.0% in Q3, strongly beating forecast at 2.5%, maintaining strong growth from Q2, when it rose 3.1%.
Consumer spending increased by 2.4% in Q3, beating forecast at 2.2%.
Increase in inventory investment and narrower trade deficit offset slowdown in consumer spending and construction sector which was caused by hurricanes.
Solid GDP data would contribute to overall good picture of the US economy, as US central bank is widely expected to hike rates once more in 2017. US labor sector, retail sales and industrial production already accelerated after being slowed by hurricanes.
The dollar was higher against its major counterparts after release.
Solid GDP numbers sent Euro to new three-month low at 1.1587, while the greenback hit new high against Japanese yen at 114.45, generating fresh signals of eventual sustained break above 114.00 barrier.
The dollar index hit the highest in over three months on post-data rally to new high above psychological 95.00 barrier.
Spot Gold came under fresh pressure after data boosted the dollar and dented strong support at $1263, opening way towards key short-term support at $1260.