GOOD MORNING ALL !!!
USD pairs in currency trading is my favourite pairs so I have decided to analyse the US Dollar and share it with you all.
These days US Dollar Index is down to more than 2% this year and down to almost 10.5%. from a year ago. So I have decided to find out possible reasons for the fall.
Let's look at a fundamental factors of United States.
GDP Growth: In the first quarter of 2017 US GDP growth was confirmed at 1.2%, in second quarter it has grown to 3.1%, which was the highest since 2015, in third quarter it has reached 3.2% just below highest revised target of 3.3% in three years but in last quarter it dropped to 2.5% in line with market expectations. If we look into components, consumer spending rose the most in six quarters. Residential investment also shown growth after dip. Just two thing inventories and high imports weighed down on the growth.
UNEMPLOYMENT RATE: From last four months unemployment rate is constant in United States which is at 4.1% which is also 17 year low. In the last report market participants were expecting unemployment rate at 4% but it stood at 4.1%. Total employment rose over a month. But as labour force participation rate has increas…