Forex news for US trading on Feb 26, 2016:
The US GDP took it’s cue from the better than the expected Durable goods report earlier in the week and surprised to the upside. It was for the 4Q – so old news – and later the Atlanta Fed 1Q GDP estimate was lowered to 2.1% from 2.5% (it was 2.7% not long ago), but it was the push the US dollar needed to keep the buying going for the day. The dollar was the 2nd strongest currency behind the CAD. The weakest currency for the day was the AUD and the NZD.
Forexlive FX news wrap: The USD heads higher as calmer markets prevail
