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NY Fed's GDP Nowcast edges higher to 3.2% for Q4 of 2017

"The New York Fed Staff Nowcast for 2017:Q4 stands at 3.2%," announced the Federal Reserve Bank of New York on Friday.

Key quotes

News from this week's data releases increased the nowcast for Q4 by 0.1 percentage point.

Positive surprises from personal consumption expenditures, labor market data, and business inventories outweighed negative surprises from survey data.

AUD/USD drops further on USD strength, eyes October lows

The AUD/USD pair rose toward 0.7700 after the release of the NFP but turned again to the downside. A stronger US Dollar pushed it below 0.7660....
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