William Dudley’s interview, US Consumer Confidence, ADP jobs release, Canadian GDP, Janet Yellen’s speech, US Manufacturing PMI and the highly important US monthly jobs report are the highlights of this week. Here is an outlook on the market movers on Forex calendar.
Last week the U.S. released its final GDP estimate for the second quarter, beating forecasts with a better than expected reading of 3.9% annual growth. The previous estimate stood at 3.7%. The excellent reading supports a rate increase before the end of the year. The third quarter estimates are also positive with stronger consumer spending and smaller inventories, indicating a healthy growth rate. Will this trend continue?
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