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ForexLive Americas FX news wrap. Cable soars after stronger employment/weak US dollar

Discussion in 'Market News' started by ForexLive, Oct 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for US trading on October 14 2015: The USD was lower against all the major currencies in trading today with the NZDUSD and the GBPUSD seeing the biggest gains. The catalyst in the North American session was weaker data in the form of retail sales, PPI and inventories. Each pointed to lower inflation and lower growth for the 3Q in the US. Tracking estimates for GDP were lowered. The Atlanta Fed's GDP forecast now has 3Q growth at 0.9% on an annualized basis.

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