US DOLLAR MAY RISE AS US Q2 GDP REPORTS INCREASES CONCERNS OVER RECESSION
Publish Date : 2019/08/29 - 11:34

US DOLLAR MAY RISE AS US Q2 GDP REPORTS INCREASES CONCERNS OVER RECESSION


Today’s economic calendar may spook the market to some extent.

Today’s economic calendar is consisting of US Q2 GDP reports.other countries’ reports such as brazil,France and Norway will be published today as well.

If US growth reports undershoot expectations,it could increase the concerns over recession.it could also affect risk-on asset liquidations as traders are willing to move their capital to safe-haven instruments such US dollar and treasuries.

An annualized quarter-on-quarter(QOQ) report is supposed to show a 2.0% growth that is slightly lower than last report which was 2.2%.

Source:dailyfx

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