Day: July 29, 2016

EUR/USD Rallies After Abysmal US GDP Report

EUR/USD surged up following disastrous US GDP data that will probably prevent the Federal Reserve from raising its target funds rate this year. The currency pair pared some of its gains by now, but still trades significantly above opening level. US real gross domestic product increased by mere 1.2% in the second quarter of 2016 according to the advance estimate report. The growth followed 0.8% increase […]