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.
Market News Category
As bank lending in the U.K. is expected to weaken in June, the data is likely to reinforce a weakened outlook for future growth, which could spur a reversal in the British Pound as investors weigh the prospects for a sustainable recovery.
As the Reserve Bank of New Zealand is widely expected to increase borrowing costs for the second consecutive month in July, the NZD/USD may continue to trend higher over the week as investors speculate the central bank to normalize policy throughout the second-half of the year.