US GDP Disappointed but Dollar Strong ahead of Non farm
US GDP Disappointed but Dollar Strong ahead of Non farm U.S. Dollar Trading (USD) was initially sold off after economic data disappointed but then strengthened during the US session to finish little changed ahead of today’s July Job announcement. US 2Q GDP came in at 1.9% while markets had been expecting a number in the region of 2.2-2.4%. Also soft, weekly Jobless claims at 448K vs. expectations of 395K the highest report in 4 years. A pull back in Oil and Gold help support the bounce off day
Original post by Technical Market View