The US economy is expected to expand by 14.6% in the third quarter of the year, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday. Key takeaways “News from this week’s data releases decreased the nowcast for 2020:Q3 by 2.2 percentage points.” “Negative surprises from ADP nonfarm payroll, ISM manufacturing survey data, and international trade data drove most of the decrease.” Market reaction This report doesn’t seem to be impacting the greenback’s market valuation in a meaningful way. As of writing, the US Dollar Index was up 0.66% on the day at 93.38. 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 Canada: Will impose tariffs on imports of certain US aluminum products  by September 6 FX Street 2 years The US economy is expected to expand by 14.6% in the third quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Friday. Key takeaways "News from this week’s data releases decreased the nowcast for 2020:Q3 by 2.2 percentage points." "Negative surprises from ADP nonfarm payroll, ISM manufacturing survey data, and international trade data drove most of the decrease." Market reaction This report doesn't seem to be impacting the greenback's market valuation in a meaningful way. As of writing, the US Dollar Index was up 0.66% on the day at 93.38. 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.
