Forex | Forex | Dollar Likely to Lose Ground After Better GDP Number (31/07/2009 12:15:09)

Dollar Likely to Lose Ground After Better GDP Number

The U.S. Dollar is expected to open lower this morning as speculators brace for the U.S. Gross Domestic Product Report which is expected to show that the recession eased during the second quarter.  Today’s report is expected to show a second quarter decline of 1.5% versus a drop of 5.5% in the first quarter.    The slowdown in the decline of the GDP will be a sign that the recession is easing and could prompt traders to sell the Dollar as appetite for risk assets is likely to


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