US Data Evidenced Strong Growth Momentum

Posted December 15th, 2017 by GaylePli9390244 and filed in General News

US dollar weakened across the board despite the generally strong dataflow. This was perhaps because the focus was instead on the ECB and BOE meetings. While both central banks left the monetary policies unchanged as widely anticipated, the ECB was more upbeat over the economic outlook and upgraded the GDP growth and inflation forecasts. Meanwhile, the BOE acknowledged the progress of the Brexit negotiations.

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US Data Evidenced Strong Growth Momentum

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