USD: GDP figures expected to show moderate growth

While today is relatively quiet in Europe, there are some important figures coming out of the US. GDP growth is expected to show an annual rate of 2.3%, a positive figure but slightly short of Trump’s target of 3%.

Strong figures from American tech companies yesterday helped to buoy the dollar – Amazon’s profits doubled in the last quarter to reach $3.6 billion. Microsoft, meanwhile, has become the third American company to reach a valuation of over $1 trillion.

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