What you must know on Friday, July 30:
The buck stored falling and reached recent weekly lows towards most main rivals, as US information missed the market’s expectations. Q2 Gross Home Product confirmed the financial system grew at an annualized tempo of 6.5%, higher than the earlier 6.4%, though lacking the 8.6% anticipated. Additionally, Preliminary Jobless Claims for the week ended July 23 printed at 400K, worse than anticipated.
EUR/USD trades close to 1.1900 whereas GBP/USD approaches the 1.4000 determine. The Canadian greenback additionally reached recent highs towards the buck, however AUD/USD is caught round 0.7400 as demand for the aussie stays scarce.
The Japanese yen appreciated on the again of a greater market’s temper, with USD/JPY buying and selling round 109.40.
Spot gold jumped to $1,832.62 a troy ounce, its highest in two weeks, whereas crude oil costs additionally reached recent highs, with WTI ending the day at $77.50 a barrel.
Wall Road closed within the inexperienced, nonetheless underpinned by aid after the Fed trace at no rush to taper. US authorities bond yields ticked increased.
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