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NY Fed's GDP Nowcast unchanged at 1.2% for Q4 2019

The US economy is expected to expand by 1.2% in the last quarter of 2019 and by 1.7% in the first quarter of 2020, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Friday. These readings matched the ones in the previous publication.

"This week, there were no new releases on the variables tracked by the model," the NY Fed noted in its press release.

USD looks to end week strong

The US Dollar Index ignored this report and was last seen adding 0.22% on the day at 97.90, a little below the seven-week high that it set at 97.92 earlier in the hour.

Canadian retail sales ticked up in November – RBC

Commenting on the Canadian Retail Sales data that was published on Friday, "the tick up in Canadian retail sales in November breaks a string of genera
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GBP/USD Price Analysis: Pound triangle breakout failure challenges 1.3060 support

The break from the triangle pattern is currently failing below the 1.3100 figure. The market is challenging the 50-day simple moving average (SMA).
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