According to market analysts, the probability for Fed to raise interest rates by the end of 2017 has fallen to 30.2%. Although the latest GDP data in the country were above expectations and the highest in a few years (3%), inflation persistently remains below the desired 2%. This will likely delay the Fed's plans and the central bank will not take action by the end of this year. The news is negative for USD.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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