USD weaker after the GDP print

12:57 27 July 2018
The US Q2 GDP grew by 4.1%, the highest rate in nearly 5 years but the release left investors unimpressed. The figure exactly met expectations and while a breakdown was very good with strong consumption and negative inventories, there were some downward revisions for 2017 and core inflation component was weaker. EURUSD rebounded to 1.1640 as a result. The biggest gainers on Friday are European equities with SPA35 going up by 1%.

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