According to the Federal Reserve Bank of New York’s latest Nowcasting Report, the U.S. economy is expected to expand by 1.62% in the third quarter of the year, down from the 2.2% reported last week. “News from this week’s data releases decreased the nowcast for 2019:Q3 by 0.6 percentage point,” the NY Fed said in its publication. “Negative surprises from ISM manufacturing data and lower than expected trade data drove most of the decrease.” Market participants largely ignored this data as they remain focused on the developments surrounding the US-China trade conflict. As of writing, the US Dollar Index was down 0.22% on the day at 98.18. 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 Cryptocurrency investors’ murky hide seek game with the US taxman FX Street 4 years According to the Federal Reserve Bank of New York's latest Nowcasting Report, the U.S. economy is expected to expand by 1.62% in the third quarter of the year, down from the 2.2% reported last week. "News from this week's data releases decreased the nowcast for 2019:Q3 by 0.6 percentage point," the NY Fed said in its publication. "Negative surprises from ISM manufacturing data and lower than expected trade data drove most of the decrease." Market participants largely ignored this data as they remain focused on the developments surrounding the US-China trade conflict. As of writing, the US Dollar Index was… 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.
