XE Market Analysis: UK Economy Remains in Low Gear

OVERVIEW FX relatively quiet as the market awaits the FOMC decision. U.S. new home sales rose 610k in June, a similar pace to May that is in line with market forecasts. Australian CPI slowed unexpectedly in the second quarter, dampening rate hike bets. Australia’s central bank governor Philip Lowe said he is “very comfortable” with interest rates at record lows. Swiss investor sentiment surged to its highest level since January 2014 in July. New Zealand posted a fourth consecutive trade surplus in June.

Source: XE news feed
XE Market Analysis: UK Economy Remains in Low Gear