- US GDP QoQ Advance Actual 2.8% (Forecast 2.9%, Previous 3%)
- US Core PCE Prices Advance Actual 2.2% (Forecast 2.1%, Previous 2.8%)
The U.S. dollar extended gains following the release of the initial Q2 GDP report, which, despite indicating strong economic growth at 2.9%, fell below expectations.
Preliminary data shows another quarter of strong U.S. economic growth. With such figures, investors aren’t concerned about an impending recession. The dollar is gaining because a strong economy combined with a robust labor market (ADP) increases the likelihood of a hawkish stance from the Fed at its next meeting in November.
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Chart of the Day ðĐ āļāļĨāļēāļāļāļēāļ BOJ āđāļĢāđāļāļāļķāđāļāļāļāļāđāļāļĩāđāļĒ USDJPY āļĄāļĩāđāļāļāļēāļŠāļāļĨāļąāļāļāļīāļĻāļŦāļĢāļ·āļāđāļĄāđ?
āļāļāļīāļāļīāļāđāļĻāļĢāļĐāļāļāļīāļ ð― āļāļąāļāļāļē Retail Sales āđāļĨāļ° UoM āļŠāļŦāļĢāļąāļāļŊ
Morning Wrap: Nasdaq 100 āļāļĨāļąāļāļĄāļēāđāļŦāļāļ·āļ 30,000 āļāļļāļ ð āļāļāļāļāļģ-āđāļāļīāļāļĨāļāļāđāļ§āļāļāļ§āļ
āļāđāļēāļ§āđāļāđāļāļ§āļąāļāļāļĩāđ 14 āļŠ.āļ.
