Majors Extend Gains vs Dollar

The U.S. economy is scheduled to release its second quarter advanced GDP, in which expectations show the contraction narrowing down to -1.5%, from the prior quarter of -5.5%, this means that the economy is behind the global recession, which was beginning to show some recovery. Bright projections, caused risk appetite to rise in the markets, which pushed investors to buy higher yielding currencies whilst selling lower yielding currencies. As a result of this, the dollar depreciated versus major