The European Single Currency depreciated against the US Dollar, following the US Final GDP data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 16 pips or 0.14% during a minute, right after the release. In the next minutes the rate was trading at the 1.1675 area.
The Bureau of Economic Analysis released the US Final GDP data that came out In line with expectations of 4.2%.
Donald Trump, The president of the United States said at a Wednesday news conference: "We're doing much better than anybody thought possible,".
Historical Data Table: Final GDP q/q | Economic Calendar for 01.10.2018 | ||||||||
Date | 28.09.2017 | 21.12.2017 | 28.03.2017 | 28.06.2018 | 27.09.2018 | 8:30 AM | UK Manufacturing PMI | ||
Actual | 3.10% | 3.20% | 2.90% | 2.00% | 4.20% | 14:00 PM | US ISM Manufacturing PMI | ||
Forecast | 3.00% | 3.30% | 2.70% | 2.20% | 4.20% | Tentative | NZD NZIER Business Confidence | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.72228 | 0.72201 | -0.04% | AUD/USD | 69.37% | 30.63% | |||
EUR/USD | 1.16915 | 1.16814 | -0.09% | EUR/USD | 55.28% | 44.72% | |||
USD/JPY | 112.925 | 112.949 | 0.02% | USD/JPY | 32.27% | 67.73% | |||
NZD/USD | 0.66324 | 0.66315 | -0.01% | NZD/USD | 63.21% | 36.79% |