The Greenback weakened against the European Single Currency, following the Advance GDP data release. The EUR/USD currency pair gained 11 pips, or 0.09%, to continue fluctuating in the 1.1635 area.
The Bureau of Economic Analysis released Gross Domestic Product data that came lower-than-expected of 4.1%, compared with the forecasted 4.2% but better than previous periods.
The US President Donald Trump said: "Somebody actually predicted today 5.3 [percent growth]. I don't think that's going to happen…if it has a 4 in front of it, we're happy. If it has like a 3, but it's a 3.8, 3.9, 3.7, we're OK. These are unthinkable numbers. If I would have used these numbers during the campaign, the fake news back there would've said he's exaggerating."
| Historical Data Table: US Advance GDP q/q | Economic Calendar for 30.07.2018 | ||||||||
| Date | 28.07.2017 | 27.10.2017 | 26.01.2018 | 27.04.2018 | 30.07.2018 | Ternative | Loan Officer Survey | ||
| Actual | 2.60% | 3.00% | 2.60% | 2.30% | 4.10% | 10:45 PM | NZ Building Consents m/m | ||
| Forecast | 2.50% | 2.60% | 3.00% | 2.00% | 4.20% | 11:01 PM | UK GfK Consumer Confidence | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.73756 | 0.73862 | 0.14% | AUD/USD | 69.65% | 30.35% | |||
| EUR/USD | 1.16278 | 1.16382 | 0.09% | EUR/USD | 58.81% | 41.19% | |||
| USD/JPY | 111.199 | 111.058 | -0.13% | USD/JPY | 40.80% | 59.20% | |||
| NZD/USD | 0.67681 | 0.67774 | 0.14% | NZD/USD | 59.73% | 40.27% | |||