Forex | Forex | US Q2 GDP fell by 1.0% q/q annualized (31/07/2009 14:07:25)

US Q2 GDP fell by 1.0% q/q annualized

Market Summary Currency trends are mixed this morning, with the market struggling to find a coherent tone, caught between the influences of economic data and equity market gyrations. A bounce in Asian stock indices drove the yen and the dollar lower overnight, although as has been the case recently, the dollar’s decline stalled after the US markets opened. The US Q1 GDP release showed the recession moderating and the details of the report point to a stronger performance going forward. Despite


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