US economic outlook fades in Q3 – AmpGFX

Greg Gibbs, Director at Amplifying Global FX Capital, suggests that with the GBP, EUR and JPY taking a turn towards more sustained weaker outlooks, naturally the USD is looking considerably stronger, even if US rate hike expectations have not moved much in recent weeks.

Key Quotes

“US rate hike expectations have firmed a bit recently, but this has more to do with some global investor confidence arising from more normal shaped global yield curves than any improvement in the US economy.  The Atlanta Fed has another downward revision to its Q3 GDP forecast on Friday following the retail sales data and a weaker than expected outcome for the narrower control group of sales.”

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