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Fitch keeps US GDP forecasts unchanged

FXStreet (Mumbai) - The rating agency Fitch on Wednesday held its US GDP forecast unchanged at 2.5% in 2015 and 2016 and at 2.3% in 2017.

Fitch kept its Eurozone and UK economic forecasts unchanged as well. Meanwhile, Japan economy is expected to grow by 1.2% in 2016 from 0.2% 2015.

Meanwhile, Fed’s Dudley was on the wires stating assuring markets that the Fed will make sure the QE withdrawal does not roil markets. However, Dudley did state a high probability of the spike in volatility as the much anticipated “liftoff” gets closer.

Gold drops below EUR 1000/Oz levels

Gold prices in the EUR terms are down for the fourth consecutive session, trading below the psychological EUR 1000/Oz mark.
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EUR/USD seen at 1.08 in 6-month – Rabobank

In the opinion of Jane Foley, Senior Currency Strategist at Rabobank, the pair could well see its downside accelerated towards the 1.08 area in a 6-month horizon...
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