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Expected US Economic Data to Briefly Boost Dollar, Powell Speech to Impact Trends
Summary: According to sources, Chris Turner, an analyst at Dutch international group, predicts that the initial estimate of US GDP for the second quarter may be slightly revised upwards, along with the release of initial jobless claims and other data. While the upcoming economic data may boost the dollar, he believes the dollar's appreciation will be ...
According to sources, Chris Turner, an analyst at Dutch international group, predicts that the initial estimate of US GDP for the second quarter may be slightly revised upwards, along with the release of initial jobless claims and other data. While the upcoming economic data may boost the dollar, he believes the dollar's appreciation will be short-lived. Following the data release, Federal Reserve Board member Powell will deliver a speech, which could impact the dollar's upward momentum.
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