Fundamental wise, The Greenback made a strong push with the ever-rising inflation concern. It seems that the FED is starting to feel the pressure of inflation however the situation remains uncertain as the Delta Variant is still rampant in the US. This seems to be a hopeful outlook towards a rate hike. We should we remain cautious as Final GDP q/q and Unemployment Claims is expected to be released later today (Expected to be good news as inflation is high and the FED announced that they're close to their employment goals.
Final GDP q/q
Final GDP q/q
- Forecast: 6.6%
- Previous: 6.6%
- Forecast: 333K
- Previous: 351K