SubscribeUS Session: US Q3 GDP Beats Forecasts, Boosts Risk Appetite
October 29th, 2009 • Related • Filed Under
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The day’s trading has been dominated by the US Q3 GDP release which convincingly beat expectations with a 3.5% annualized pace of growth vs. expectations for 3.2% (-0.7% last). At first, FX markets seemed tentative in pushing EURUSD higher, but European indices quickly turned positive on the day and US stock markets opened higher, which gave the green light for risk-correlated assets to rally…. | ||||||||||||||||||||
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