Flash: USD will be well supported towards Fed meeting - USD

FXstreet.com (Córdoba) - The USD rallied further on Thursday after the release of an upward revision of GDP data. The UBS analyst team commented on the matter.

Key Quotes

“This (strong GDP) eased concerns that the Fed might not announce a concrete plan to slow down its quantitative easing program in September”.

“Markets are eying the Fed meeting on September 18 for an announcement on the so called tapering”.

“Today's GDP release suggests that the USD will be well supported towards that meeting”.