country flagالعربية
0
0

The dollar is down against the currencies after the GDP data

2019-04-26 04:13 pm | Resource: News | No Views : 162

 The dollar is down against the currencies after the GDP data

The US dollar traded lower during the US session after the domestic economic data and other data on US consumer confidence.

As the new data showed that GDP growth fell by an annualized 3.2% in the three months to March, up from 2.2% in the previous quarter. The revised data released by the University of Michigan on Friday showed that consumer sentiment in the United States fell slightly below initial estimates in April.

The consumer confidence index for April was revised upward to 97.2 from the preliminary reading of 96.9, although the index is still below the final reading for March at 98.4. Economists had expected the index to rise to 97.0.

 Kudlo commented on GDP: The United States will now be "aggressive" with China

The United States will be "very aggressive" with China in ongoing trade talks, with the latest figures showing a 3.2 percent growth in the first quarter, which he called "too many," White House economic adviser Larry Kudlow said on Friday. "Kudlo pointed out that" the Chinese economy is declining and has been for a long time. The US economy, as I said, is going through this cycle of prosperity with no end in sight, so we think this gives us some leverage, if you will. "

However, Kudlo said he still believes the Fed should lower interest rates. "The boom cycle we are experiencing is gaining momentum, not losing momentum," he explained. "The inflation rate continues to fall and fall," said Donald Trump, an adviser to President Donald Rumsfeld.

Trump: GDP is well above expectations

US President Donald Trump went to Twitter on Friday to comment on the latest US GDP figures.

"Outside the market: Real GDP for the first quarter grew 3.2% year-on-year, much higher than expectations or expectations, and more importantly, the inflation rate is very low. .

Dollar trading against currencies
 
  • The dollar index was trading down 0.19% at 97.98
  • The euro also rose against the dollar as the pair stabilized at 1.1157.
  • The greenback was down against the yen at 0.03%, with the dollar trading at 111.60.
  • The Franc declined by 0.15% to close at 1.0188.
  • In front of the Canadian dollar, the US dollar fell to 1.3456 levels.
  • Finally, the Australian dollar was up against the US dollar by 0.44% and the Australian dollar was trading at 0.7046.


Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.