EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The important release may support the greenback
The United States will publish the advance GDP growth on July 26, at 15:30 MT time.
We all know that the GDP measures economic activity and shows the economic health of a country. There are three versions of US quarterly GDP releases. The advance release tends to be the most important out of them as it is the earliest one. Last time, the GDP growth improved by 3.2%. It supported the USD.
• If the advance GDP growth is higher than the expectations this time, the USD will rise;
• If the advance GDP growth is lower than expectations, the USD will fall.
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EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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