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NY Fed Nowcast: GDP growth 1.8% for 2017:Q2

Federal Reserve Bank of New York published its weekly GDP forecast report, with key highlights found below:

  • The FRBNY Staff Nowcast stands at 1.8% for 2017:Q2.
  • News from this week’s data releases reduced the nowcast for Q2 by 0.5 percentage point.
  • Negative surprises from the ISM manufacturing survey as well as import and export data were only partly offset by positive surprises from the employment report.

US Dollar drops to 6-month lows as positive effects of NFP fade

After leaping to a fresh session high with a knee-jerk spike following the NFP data from the U.S., the US Dollar Index, which tracks the greenback aga
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EUR/USD rises back to test 1.1000

EUR/USD remained above 1.0970 and now is testing the 1.0990 zone. The pair printed a fresh multi-month high, just 1 pip above the previous high at...
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