OctaFX | OctaFX Forex Broker
Open trading account

Fed's Kaplan: US GDP expected to grow 2.25% this year

The gross domestic product (GDP) in the US is expected to expand by 2.25% in 2020, Dallas Fed President Robert Kaplan said on Thursday.

"My outlook for growth would be even firmer if not for Boeing and coronavirus situations," Kaplan explained. "Having a little more trade stability will help global growth this year, less uncertainty should help stabilize business fixed investment."

USD reaction

The US Dollar Index hasn't reacted to these comments and was last seen at its highest level since early December at 98.34, adding 0.1% on the day.

EUR/JPY met contention near the 200-day SMA around 120.60

The better tone in the risk-associated universe is lending fresh oxygen to EUR/JPY, which navigates the vicinity of the 121.00 area in the wake of the
Read more Previous

EUR/USD: Risk of falling sharply below 1.098

Worse than expected data from Germany put more pressure on the euro. Valeria Bednarik, Chief Analyst at FXStreet, is projecting a stoutly fall once th
Read more Next
Start livechat