The US dollar returned to its rally versus the single eurozone currency today following the third estimate report on Q2 GDP in the United States. A minor update on the consumer sentiment index did not bother the EUR/USD pair much — it continued to move down.
US GDP rose at an annualized rate of 4.6% in the second quarter of 2014 according to the third estimate report. The value from the second estimate report has been upwardly revised from 4.2%, but did not surprise anyone as the forecasters expected such an increase. The first quarter demonstrated a decline by 2.1%. (Event A on the chart.)
Michigan Sentiment Index was at 84.6 in September according to the final report — the value did not change compared to the preliminary release. Traders expected a slight increase to 84.8. (Event B on the chart.)
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