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Thread: Dollar Down, Euro Up as U.S. GDP Data Fails to Sway Market

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    Dollar Down, Euro Up as U.S. GDP Data Fails to Sway Market

    https://www.nytimes.com/reuters/2017...bal-forex.html

    By REUTERSJULY 28, 2017, 3:45 P.M.

    NEW YORK — The U.S. dollar was broadly lower on Friday as a combination of uninspiring U.S. economic data and political uncertainty kept traders biased towards the euro and other world currencies.

    The euro and other major currencies rose against the dollar after the release of U.S. second-quarter gross domestic product estimates that largely met economists' expectations.

    Some analysts pointed to a smaller-than-expected increase in U.S. labour costs, but others suggested the data was just an excuse for traders to continue the weak dollar trade that has sent the U.S. currency lower for much of this year.

    U.S. GDP growth picked up to 2.6 percent in the second quarter, matching expectations of economists polled by Reuters, while growth in the first quarter was revised down to 1.2 percent.

    "It doesn’t do much to add to the debate about the outlook for (monetary) policy going forward," said Omer Esiner, chief market analyst at Commonwealth
    Last edited by labrea; 30th July 2017 at 07:18 AM.
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    Veteran Member DebateDrone's Avatar
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    Conservatives are claiming that things are pretty good. Economy, employment, bank rates, gas prices...

    Where were Trump supporters when the numbers were good under Obama?

    Any trend you monitor has trended up since the great recession.

    If Obama got no credit, then why does Trump get all the credit now.
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    Scucca Æthelfrith's Avatar
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    Obama managed to achieve naff all. All for challenging the fake economics of Trump, but get the focus right!

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    the ebbs and flow of the currency market based on those who are making money on the dollar vs the euro.

    there are bets on the dollar going down in value vs the euro going up.

    its called currency manipulation.

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    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by mtm1963 View Post
    the ebbs and flow of the currency market based on those who are making money on the dollar vs the euro.

    there are bets on the dollar going down in value vs the euro going up.

    its called currency manipulation.
    Evil Soros and Buffet!!

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    Quote Originally Posted by OldGaffer View Post
    Evil Soros and Buffet!!
    it doesn't matter who's doing it. its happening for the few who benefit.

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    Quote Originally Posted by mtm1963 View Post
    the ebbs and flow of the currency market based on those who are making money on the dollar vs the euro.

    there are bets on the dollar going down in value vs the euro going up.
    F
    its called currency manipulation.
    So then it has nothing to do with some economies doing very well, such as Canada with its 4.6 GDP growth rate?
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    Quote Originally Posted by labrea View Post
    So then it has nothing to do with some economies doing very well, such as Canada with its 4.6 GDP growth rate?
    your ignorance is profound. you do not understand what the annualized GDP growth rate means.

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    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by mtm1963 View Post
    the ebbs and flow of the currency market based on those who are making money on the dollar vs the euro.

    there are bets on the dollar going down in value vs the euro going up.

    its called currency manipulation.
    Oh wow, what a cool expression... where 'd you learn about that ?

    Oh wait, isn't that what your boo was calling China until,very recently, when he needed some licensing rights for himself and his little girl ?
    Yeah, I guess that is... that's where you learned about... because you're using it just as clueless as your boo did.
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    Veteran Member Eve1's Avatar
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    Quote Originally Posted by labrea View Post
    So then it has nothing to do with some economies doing very well, such as Canada with its 4.6 GDP growth rate?
    By the way, Canada has had an increase in growth since Trump took office as many see the US as a bad investment and are looking at western economies that have a more stable leadership. LOL. Canada says thanks Trump.
    Thanks from RNG, HenryPorter, Friday13 and 1 others

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