#USDEconomy

[cambcurrencies]

Impact of Strong US GDP Growth on Euro, Pound, Yen, and Australian Dollar

Impact of Strong US GDP Growth on Euro, Pound, Yen, and Australian Dollar News Data: US GDP Growth Rate QoQ (2nd Estimate Q2 2024): Surged to 3%, significantly higher than the previous 1.4% and above the forecast of 2.8%. Japan Consumer Confidence (August 2024): Remained unchanged at 36.7, matching last month’s figure and falling short of the expected 36.9. Germany Inflation Rate YoY…

[cambcurrencies]

UK Retail Bounces Back While US Sales Stronger Than Expected

UK Retail Sales and Market Impact UK retail sales data for July came in as expected showing a 0.5% increase month-over-month. This data has supported the pound pushing GBP/USD above 1.2850. But with political uncertainties following the recent general election where Labour won a historic victory could weigh on the pound moving forward​ (Wikipedia). U.S. Retail Sales Continue to Support the…