FXStreet (Guatemala) – Analysts at Rabobank noted that it is the day’s big release: US Q2 GDP.
“Consensus is a moderate 2.5% QoQ annualised which back when the Dr. Seuss books first came out would have been considered very weak, especially on the back of a revised -0.2% print in Q1. A strong reading today would no doubt hear a voice singing out: “I’m Yellen the Chairwoman; Oh, marvelous me! For I am the ruler; of all that I see,” while some (and emerging markets most so) will no doubt reply, “Your majesty. Please…; I don’t like to complain; But down here below; we are feeling great pain.””
Analysts at Rabobank noted that it is the day’s big release: US Q2 GDP.
(Market News Provided by FXstreet)