As the world’s largest economy is expected to expand at a slower pace in the second-quarter of 2010, the advanced GDP report could spur further weakness in the U.S. dollar and lead the central bank to hold a loose policy stance throughout the second-half of the year as the outlook for future growth falters.
The Federal Reserve’s cautious outlook for the world’s biggest economy sends the dollar to a three-month low on a trade-weighted basis, as further fragile data adds to concern
Price rises fell within the Reserve Bank of Australia’s target range of 2-3 per cent for first time in three years, making rate rise unlikely, analysts say