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The Greenback was slightly changed against the Japanese Yen, following the preliminary data release on the US economic growth. The USD/JPY exchange rate fell 3 base points to continue fluctuating at a stronger level of 111.95, targeting the 112.0 area.
The US economy expanded at the fastest pace in three years, as businesses invested more in equipment and inventories, offsetting slackening in inflation. The Commerce Department stated in its preliminary report that the US gross domestic product rose at a 3.3% yearly pace in the September quarter. Donald Trump wants diminished taxes to lift yearly GDP growth to 3% on a regular basis. Though, fiscal stimulus is likely to come only when the economy is at full employment.
| Historical Data Table: US Prelim GDP q/q | Economic Calendar for 30.11.2017 | ||||||||
| Date | 29.10.2016 | 28.02.2017 | 26.05.2017 | 30.08.2017 | 29.08.2017 | 10:00 AM | EU CPI Flash Estimate | ||
| Actual | 3.2% | 1.9% | 1.2% | 3.0% | 3.3% | 1:30 PM | US Core PCE Price Index | ||
| Forecast | 3.0% | 2.1% | 0.9% | 2.7% | 3.2% | 1:30 PM | Canadian Current Account | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.756 | 0.75609 | 0.01% | AUD/USD | 64.67% | 35.33% | |||
| EUR/USD | 1.18254 | 1.18318 | 0.05% | EUR/USD | 42.16% | 57.84% | |||
| USD/JPY | 111.982 | 111.956 | -0.02% | USD/JPY | 44.15% | 55.85% | |||
| NZD/USD | 0.68919 | 0.68913 | -0.01% | NZD/USD | 59.14% | 40.86% | |||