"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 1.5 percent on February 14, down from 2.7 percent on February 6," the Federal Reserve Bank of Atlanta reported on Thursday.
"After this morning's retail sales and retail inventories releases from the U.S. Census Bureau, the nowcast of fourth-quarter real personal consumption expenditures growth fell from 3.7 percent to 2.6 percent, and the nowcast of the contribution of inventory investment to fourth-quarter real GDP growth fell from -0.27 percentage points to -0.55 percentage points.
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The EUR/USD pair builds on the previous day's late rebound from the 1.0950 area and gains some positive traction during the Asian session on Friday. Spot prices, however, struggle to capitalize on the uptick and trade around the 1.0975-1.0980 region, up just over 0.05% for the day.
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