Global sentiment has turned decidedly negative and risk off flow has intensified in financial markets. The Dollar and other currencies like the Franc and Yen that benefit in risk off environments have been rallying, while the rest of the currency market struggles.
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US GDP surpasses consensus in Q2 – LIVE
The first estimate of US GDP Growth Rate showed the economy expanded more than expected by 2.8% in the April-June period, informed the Bureau of Economic Analysis
EUR/USD trims gains around 1.0840 post-US GDP
The Greenback regains some composure and motivates EUR/USD to give away part of its earlier advance on Thursday, returning to the 1.0840 region in the wake of the release of the advanced US GDP Growth Rate in the second quarter.
GBP/USD remains on the defensive below 1.2900 on US data
GBP/USD maintains the negative bias in the 1.2870 zone amidst a mild bounce in the US dollar following the publication of advanced Q2 GDP readings.
Gold keeps its offered stance near $2,370 following US GDP prints
Gold prices maintain their bearish performance around $2,370 after preliminary US GDP Growth Rate came in above estimates in Q2 and US yields trade with a negative bias.
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