The Q1 data for growth in the U.S. was as bad as the market had expected and then some! GDP contracted by 4.8% in the January to March period. Given market expectations of 4%, which in reality were little more than a shot in the dark, illustrates just how bad it can be when an economy slams on the brakes.
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.