“Yesterday’s advance estimate from the Commerce Department of real GDP growth for 2019:Q4 was 2.1%. The latest New York Fed Staff Nowcast was 1.2%,” noted the Federal Reserve Bank of New York in its latest Nowcasting Report. “The New York Fed Staff Nowcast stands at 1.5% for 2020:Q1,” the publication further read. “News from this week’s data decreased the nowcast for 2020:Q1 by 0.2 percentage point. Negative surprises from manufacturing data accounted for most of the decrease.” USD weakens on Friday The US Dollar Index largely ignored this report and the US Dollar Index was last seen erasing 0.45% on the day at 97.45. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Atlanta Fed’s GDPNow stands at 2.7% for first quarter of 2020 FX Street 2 years "Yesterday’s advance estimate from the Commerce Department of real GDP growth for 2019:Q4 was 2.1%. The latest New York Fed Staff Nowcast was 1.2%," noted the Federal Reserve Bank of New York in its latest Nowcasting Report. "The New York Fed Staff Nowcast stands at 1.5% for 2020:Q1," the publication further read. "News from this week’s data decreased the nowcast for 2020:Q1 by 0.2 percentage point. Negative surprises from manufacturing data accounted for most of the decrease." USD weakens on Friday The US Dollar Index largely ignored this report and the US Dollar Index was last seen erasing 0.45% on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
