fromLondon Business News | Londonlovesbusiness.com
1 month agoUS-Eurozone growth gap persists, near-term outlook still favours the dollar - London Business News | Londonlovesbusiness.com
Although the euro has staged a two-day rebound, the current macro landscape continues to create a clear push-and-pull dynamic for EURUSD. On the U.S. side, growth remains resilient with household demand still solid, while Europe shows divergence between a relatively stable services sector and a sluggish manufacturing base. Last week, U.S. GDP grew 3.8% q/q, durable goods orders unexpectedly jumped 2.9%, housing indicators (New and Pending Home Sales) beat forecasts, and Core PCE held steady at 0.2% m/m.