The Euro appreciated against the US Dollar, following the US Advance GDP data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate gained 10 pips or 0.09% after the release. The Euro continued trading at the 1.1705 level against the Greenback after the release.
The Bureau of Economic Analysis released the US Advance GDP data, which came out better-than-expected of 33.1% compared with the forecast of 32.0%.
According to the official release: "The increase in third quarter GDP reflected continued efforts to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the third quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified."
| Date | 30.10.20 | 30.01.20 | 29.04.20 | 30.07.20 | 29.10.20 |
|---|---|---|---|---|---|
| Actual | 1.9% | 2.1% | -4.8% | -32.9% | 33.1% |
| Forecast | 1.6% | 2.1% | -4.0% | -34.5% | 32.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70274 | 0.70373 | 0.14% |
| EUR/USD | 1.17029 | 1.17133 | 0.09% |
| NZD/USD | 0.66255 | 0.66318 | 0.10% |
| USD/JPY | 104.282 | 104.27 | -0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 57.3% | 42.7% |
| EUR/USD | 44.4% | 55.6% |
| NZD/USD | 28.0% | 72.0% |
| USD/JPY | 51.6% | 48.4% |
Economic calendar