The Dollar made marginal gains during Friday’s session despite the quarterly Gross Domestic Product (GDP) figure revealing the US economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending.
Gross domestic product grew at a revised 4.6 percent annualized rate, up from a previous estimate of 4.2 percent. Analysts believe busier assembly lines at the nation’s factories and job growth that’s kept Americans spending indicate companies are a bit more upbeat about the prospects for demand. As the world’s largest economy and labour market improve, Federal Reserve policy makers are debating how much longer to keep interest rates near zero.
Forecasts for second-quarter GDP, the value of all goods and services produced in the U.S., ranged from gains of 3.4 percent to 5 percent, showing the level of optimism surrounding the US economy.
The mood of German consumers worsened for the second consecutive month in September. The consumer climate once again suffered a setback. Following a value of 8.6 points in September, the overall indicator is forecasting 8.3 points for October. Economic and income expectations as well as willingness to buy all declined at virtually the same rate.
The continued tension with regard to the geopolitical situation, which consumers now see as also posing a threat to developments in Germany, has caused optimism to dwindle further in September. The decreases in Economic and income expectations as well as willingness to buy were at a similar level. All indicators have fallen between six and seven points
All Day - BST - EUR - German Preliminary consumer pricing index is forecast to weaken
Our dealers are available via e-mail (email@example.com) or by phone (020 7220 8181).