The GDP growth may push the USD up
The United States will release the level of final GDP growth on June 27, at 15:30 MT.
Big bond buyers are lead into government debt rethink by strong euro
In 2017, the euro's double-digit revenues are actually prompting some of the world's leading money managers to view EU government debt more favorably because the key financial institution is intending to withdraw its support from the bond market.
Since September 2016 euro zone government bond yields have ascended steadily, when speculation over a reduction in the ECB’s 2 trillion euro plus bond-purchase program started. Market participants worried that a sag in official bond purchases would bring yields up.
However, some traders are assured that another push into the market was caused by he currency's actual strength.
Further euro revenues EUR=EBS could potentially push back the ECB's initiative to remove post-crisis monetary stimulus and also make government bonds more attractive because of a combination of currency revenues as well as policy support.
Market participants tend to purchase longer-dated bonds if they actually expect interest rates to go down or stay intact for an extended period.
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Market updates on June 20
What is moving the markets today
Pay attention to the important release for Canada
Canada will publish the level of core retail sales on June 21, at 15:30 MT.
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