Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery
The second estimate of US GDP growth in Q2 saw an upward revision from 2.8% to 3%. However, US resilience has come under pressure, particularly in the labour market of late
Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address
Japanese inflation provided a slight surprise to the upside, helping the yen gain some ground on the dollar. Markets, however, look to Jerome Powell’s speech later today
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar
Today’s forecast beating Euro Area flash PMIs is underpinning the recent EUR/USD rally as Friday’s speech by Fed chair Jerome Powell nears.
