OctaFX | OctaFX Forex Broker
Open trading account
Back

Central Europe posts solid growth figures in 3rd quarter - KBC

FXStreet (Barcelona) - The KBC Research Team view markets reaction to the outcome of today's preliminary GDP releases as mixed.

Key Quotes

"As concerns the Czech GDP, it increased by 0.3% quarter-on-quarter."

"Regarding Hungarian economy it grew by 3.2% Y/Y in 3Q15, exceeding the market consensus of 2.9% Y/Y."

"The best GDP figure has come from Poland this morning. GDP growth in the third quarter remained – according to the first estimates – surprisingly robust as it remained well above 3% (more precisely, GDP grew by 3.3% Y/Y vs. market expectations of 2.7% Y/Y). Moreover, growth in quarter-on-quarter terms accelerated quite significantly (0.9% vs. 0.7% in 2014Q2)."

"From the perspective of NBP future policy steps, we think that unexpectedly strong GDP in the third quarter more than offset weaker inflation"

USD/JPY keeps highs near 116.40

The softer tone in the Japanese yen remains intact on Friday, pushing USD/JPY to fresh multi-year highs near 116.40...
Read more Previous

NZD/USD retreats from 2-week highs

NZD/USD is hovering around 0.7870, flat for the day so far after being able to erase losses, but is still showing some short term weakness ahead of retail sales data from the US.
Read more Next
Start livechat