U.S. GDP better than expected, USD reaches 4-week high
The figures released today to the U.S. GDP in the second quarter are surprisingly positive. After rising by 1.7% in the first quarter of the year, analysts have predicted an increase of 2.2% for the second quarter. The data released today show now with a rise of 2.5% that the U.S. economy is in a strong recovery process.
Drosselung der Fed-Ankäufe wahrscheinlicher
The significant growth of the economy makes a first step to the end of the program for the purchase of bonds by the Fed in the amount of 85 billion U.S. dollars a month increasingly likely. The argument of the previous opponents of a reduction in the Fed's board, doing this on the basis of predominantly positive forecasts, is significantly removed by the data now know, especially as the data on jobless claims further shows a positive trend. The number of initial claims declined itself, compared to the previous week by 6,000, with a forecast of 5.000. Although the number of continuing claims remained at 9,000 short of forecasts, but still showed a decline of 14,000.
Strong bullish USD
The USD was able to expand its rate against most of its most-traded counterparts on. To EUR today, he reached the highest level since early August. The pair EUR/USD is currently showing a loss of 0.80% at a price of 1.3231. Against the yen it also increased its price continues. Currently the pair USD/JPY shows an increase of 0.73% at a rate of 98.34.
The AUD, which recorded a slight increase in early trading, now shows a decline of 0.13% at 0.8928. The largest gain, the USD currently shows to the CHF with a gain of 1.00% at 0.9314.
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