US GDP set to slow but USD may rise – Live

July 26, 2019 Off By admin-445

The US economy has probably slowed down from 3.1% to 1.8% in the second quarter. Nevertheless, several factors such a bump up in the inflation measure, a leap in consumer spending, a drop in inventories, and other factors may smooth the reaction. Moreover, the Federal Reserve is already expected to reduce interest rates next week.
Will the USD react positively? A lot depends on the components and not only the headline.
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Source: www.forexcrunch.com