XE Market Analysis: Dollar Strengthens After GDP Revised Up

OVERVIEW North Korea concerns ease, sending stocks higher. Upward revisions to US Q2 GDP growth have raised Fed rate hike expectations. ADP reported a higher than forecast number of US jobs created in August. UK mortgage approval data was stronger than expected, though consumer lending slowed. German CPI rose to 1.8% in August, exceeding expectations ahead of the ECB’s meeting next Thursday. Eurozone economic sentiment jumped more than expected to 111.9 in August. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Dollar Strengthens After GDP Revised Up