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30 Jul 2014
The start of long awaited dollar come back ? - Investec
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”.
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”.