Breaking: US GDP meets expectations with 2.1%, USD choppy
-- more to come
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The US was expected to report an annualized Gross Domestic Product growth rate of 2.1% in the fourth quarter of 2019, mirroring the same clip as in the third quarter. However, the recent Durable Goods Orders figures for December missed expectations and probably downgraded real expectations.
EUR/USD was trading higher, around 1.1025, ahead of the publication. GBP/USD flirted with 1.31, boosted by the Bank of England's decision to hold rates unchanged. USD/JPY was at around 108.80.