50 euro to usd dollar: Outlook For Euro US Dollar Exchange Rate: “EUR/USD May See Abrupt Move Higher”

“The newsflow has progressively improved in recent weeks with the Atlanta Federal Reserve’s GDPNow model – based on data already released – suggests the economy may have expanded by as much as 2.4% annualised, which is an acceleration from the 2.2% rate seen in 4Q18, they wrote, adding “Trade should make a positive contribution, while consumer spending and investment should have held up. Inventories are likely to be a modest drag, but we think the market is being a little too pessimistic in predicting an expansion of 1.8%. We’re looking for 2.1% growth.”

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