USD PRICES EDGE HIGHER AFTER 3Q US GDP IS REVISED UP; STICKY CORE PCE; DURABLE GOODS SPIKE & INITIAL JOBLESS CLAIMS DROP - US
USD PRICES EDGE HIGHER AFTER 3Q US GDP IS REVISED UP; STICKY CORE PCE; DURABLE GOODS SPIKE & INITIAL JOBLESS CLAIMS DROP – US DOLLAR EYES FOMC RATE CUT ODDS & PERSONAL SPENDING AHEAD
- USD value motion spiked towards intraday highs following rosy information stories that underscored the robustness of the US economic system
- The US Dollar may proceed to climb after stable 3Q US GDP revisions and total upbeat readings on the newest core PCE inflation, sturdy items orders and preliminary jobless claims
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The US Greenback was on its entrance foot in early morning commerce this Wednesday however was drifting decrease headed into the New York opening bell as foreign exchange merchants grew cautious because the second studying on 3Q US GDP was set to cross the wires.
This was along with a number of different high-impact financial indicators like sturdy items orders and preliminary jobless claims.
The resilience of the US economic system was underscored was extra, nevertheless, because the reports got here in better-than-expected on stability. USD value motion spiked to intraday highs instantly following the financial information.
CHART OF 3Q-2019 US GDP DATA (SECOND READING)
Actual 3Q US GDP was revised 0.2% greater from the unique 1.9% estimate. Additionally noteworthy within the barrage of US financial information this morning is October…