Investors lightened positions ahead of US GDP report and next week’s FOMC meeting. Risk aversion dominates the market as the pace of US recovery is not sufficient to reduce unemployment and bring inflation back to a normal level. USD and JPY are being sought. The euro tumbled as sovereign concerns in peripheral European economies remained worrisome. Commodities fall in European session with WTI crude oil price sliding to as low as 81.4 and gold remaining pressured below 1350.
Read the original here:
Sentiment Sours ahead of US GDP
Leave a Reply
You must be logged in to post a comment.