FX & CFD trading involves significant risk
01:00 New Zealand ANZ Business Confidence July 42.8 39.7
The dollar headed for a second weekly gain versus the euro before a U.S. government report that economists said will show durable goods orders rebounded in June, adding to signs the economy is gathering momentum. Bookings for U.S. durable goods gained 0.5 percent in June after dropping 0.9 percent the previous month, according to a Bloomberg News survey before today's Commerce Department report. Economists predict data next week will show the economy expanded an annual 2.9 percent in the second quarter, reversing a contraction in the previous three months, while employers added more than 200,000 jobs in June for an sixth month.
The Bloomberg Dollar Spot Index climbed to its highest in a month yesterday before reports next week that economists said will show the world's biggest economy expanded in the second quarter and employers boosted payrolls.
The pound was set for a third week of losses before gross domestic product data due today. Britain's economy expanded 0.8 percent in the second quarter, matching the pace of the previous three months, according to the median estimate in a Bloomberg survey before today's data.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3455-65
GBP / USD: during the Asian session, the pair traded in the range of $ 1.7030-40
USD / JPY: on Asian session the pair traded in the range of Y101.50-60
Focus today will turn to the first reading of UK Q2 GDP data at 0830GMT, median 0.8% Q/Q, 3.10% y/y. Ahead of this we have Germany Ifo at 0800GMT with market waiting to see if Thursday's strong flash PMI release is reflected in this data.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.