The USD Remains Under Pressure
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex EURUSD continues [...]
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Expert's opinion from FXFinPro
The US economy grew by 1.0% in Q4
Today was published the second preliminary forecast for GDP growth in the United States, which totaled 1.0% in the fourth quarter against the previous estimate of 0.7% and a forecast of decrease by 0.4%. The reason for the revision of the indicator for the better was the news on business inventories and import in the country. At the same time, weak sales of energy and winter clothes explained by the warm weather, but sales of these groups will increase in the first quarter of 2016. Positive statistics from the US increases the likelihood of earlier Fed raising interest rates. Our medium-term outlook for the euro remains negative and we are waiting for a decline to 1.08 in the near future.
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Friday, 26 Feb, 2016 / 4:08
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