USD
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

USD
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. 

EUR
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

Key Announcements:
All Day – BST – EUR – German Preliminary consumer pricing index is
forecast to weaken 

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