Moody's raises US 2018 GDP forecast to 2.7% vs 2.3% prev

US ratings agency Moody's out with latest note 27 Feb

  • 2019 GDP 2.3% VS 2.1% prev
  • increased f/casts account for stronger than expected momentum going into 2018
  • f/casts inc stronger than expected data and pick up due to increased US fiscal stimulus

Hurrah, beer, bourbon and burgers all round! Make the most of it while you can.

Meanwhile back in the equally fickle word of forex USDJPY has failed above 107.00 again but demand expected into 106.80 still. GBPUSD going nowhere fast for the moment at 1.3965. EURUSD a little lower at 1.2321 helped by EURGBP and EURJPY supply.

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