The start of long awaited dollar come back ? - Investec

By FXstreet.com | Updated July 29, 2014 AAA

FXStreet (Guatemala) - Investec treasury desk explained that this week the market focus is firmly on US Q2 GDP.



Key Quotes:



“After such a poor, weather affected reading of -2.9% in Q1, expectations are for a strong bounce back of +3.0%. Could this be the start of the long awaited USD fight back?”



“After the GDP data we have the FOMC rate decision from the US (another $10bn tapering in QE is expected here) and then attention will turn to Non-Farm Payrolls on Friday with a bumper 200k+ jobs expected to be added to the US economy this month”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center