
How will the NZD react to this huge hike and what is happening with Trump? It’s Wednesday, dear traders, and we are here to tell you everything!
In the second quarter, American economic surge turned out to be a bit stronger than initially anticipated, demonstrating its best performance for nearly four years and putting the US economy on track to meet the Trump administration's objective of 3% annual surge.
GDP jumped at a 4.2% annualized rate, as the Commerce Department informed. It rallied a bit from the 4.1% tempo of expansion posted in July. What’s more, since the third quarter of 2014 it happened to be the fastest rate.
The US economy rallied at a 2.2% tempo during the January-March period. Apparently, the moderate upward revision to surge the previous quarter actually reflected more business shelling out funds on software than previously anticipated and also less imported petroleum.
Firmer software investment along with a smaller import bill compensated a downward update of consumer spending. US leader, whose administration has backed boosting annual economic surge to 3% on a regular basis, appreciated the updated second-quarter report.
The American managed to expand by 3.2% in the first half of this year, adding from the 3.1% estimated in July. In contrast with the second quarter of the previous year, output jumped by 2.9%, instead of the previously posted 2.8%. Market experts stressed that the second-quarter surge tempo was unsustainable as it was mostly powered by one-off factors.
Besides this, the American economy faces constraints, including low productivity as well as slow population surge.
However, there are indications that some of the momentum was lost in the beginning of the third quarter. On Tuesday, the US government informed that the goods trade deficit rallied by 6.3% hitting $72.2 billion in July due to the f act a 6.7% dip in food shipments put pressure on exports.
While in the third quarter consumer spending has been still firm, the housing market has decreased further with homebuilding adding less than anticipated in July and sales of new as well as previously owned houses dipping in the face of a dearth of properties.
How will the NZD react to this huge hike and what is happening with Trump? It’s Wednesday, dear traders, and we are here to tell you everything!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!