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EUR/USD Rallies Undeterred by Positive Revision to US GDP

June 29, 2017 by

EUR/USD gained today, rising for the third consecutive day, undeterred by the positive revision to the first quarter’s US gross domestic product.

US GDP rose 1.4% in Q1 2017 while experts predicted the growth to be the same as in the preliminary reading — 1.2%. GDP increased 2.1% in Q4 2017. (Event A on the chart.)

Initial jobless claims were at the seasonally adjusted rate of 244k last week. That is compared to the previous week’s revised level of 242k and the predicted reading of 241k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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