Friday, 27 January 2017

The dollar fell moderately to US stats

US dollar fell slightly against major currencies on Thursday after the release of weak economic data in the US, while the expectations of rate hikes the Fed this year and hope that the policy of Donald Trump will support growth of the US and, consequently, the global economy, continues to support demand for the US currency.
Real US GDP growth in the fourth quarter of 2016, according to the first estimate, is 1.9% on an annualized basis, according to the Bureau of Economic Analysis of the US Ministry of Trade. The data were worse than forecasts of analysts, who had expected GDP growth of 2.2%.
In the first quarter of 2016 US GDP growth in annual terms amounted 0.8%, in the second quarter - 1.4%, in the third - 3.5%.
Meanwile the real growth in US consumer spending growth in the fourth quarter slowed to 2.5% from 3% the previous quarter.
USD index, which tracks the greenback against a basket of six major rivals, is traded in the red below 100.40.


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