The US economy grew at an annual rate of 1.5% in Q2, according to the first GDP release (the most important one). Expectations stood on a growth rate of 1.5%. The US is growing, but at a slow pace, once again. EUR/USD retreats from highs on the news. The pair already challenged the tough 1.2330 before the publication, and is now descending towards 1.23. USD/JPY is on the rise, in a narrow range. The accompanying GDP Price Index rose by a rate of 1.6%, also within expectations, according to the first estimate. According to the final read for Q1, the US economy grew by 1.9% – quite weak. This final read wasn’t that final: it was now revised to a growth rate of 2%. Also previous data was revised: GDP growth in 2009 was revised up from -3.5% to -3.1%, 2010 was revised from +3% to +2.4% and 2011 was revised from +1.7% to +1.8%. The weak growth number continues to be favorable for the dollar. The euro got a boost earlier from a report that the ECB will take a loss on Greek debt. Update: EUR/USD loses 1.23. For more, see the EUR/USD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Next move for the ECB? FxPro - Forex Broker 11 years The US economy grew at an annual rate of 1.5% in Q2, according to the first GDP release (the most important one). Expectations stood on a growth rate of 1.5%. The US is growing, but at a slow pace, once again. EUR/USD retreats from highs on the news. The pair already challenged the tough 1.2330 before the publication, and is now descending towards 1.23. USD/JPY is on the rise, in a narrow range. The accompanying GDP Price Index rose by a rate of 1.6%, also within expectations, according to the first estimate. According to the final read for Q1, the… 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.