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Next week in US FX see’s Fed speakers - RBS

FXStreet (Guatemala) - Analysts at RBS acknowledged events of this week and take into consideration highlights for next for from the US economy.

Key Quotes:

“The FOMC decision this week showed little change in the statement language but a notable upward revision in the Fed's "dot point" forecasts for the Fed Funds rate”.

“Several FOMC participants speak and will likely reflect the wide range of views on the committee. Yellen and Fischer are not scheduled to speak next week, but NY Fed President Dudley is likely the key FOMC speaker”
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“The balance of releases points to a modest upward revision in US second-quarter GDP. We anticipate an upward revision to 4.6% q/q annualized”.

“Headline durable goods orders should plunge on a m/m basis after the Farnborough Air Show provided a huge boost to July civilian aircraft orders”.

USD/CHF rises back to 0.9400

Greenback is about to end the week trading around 0.9400 against the Swiss franc, on its way to the strongest weekly close since July 2013.
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EUR/USD lowest weekly close since June 2013

The euro reached on Friday a fresh 14-month low against the US dollar around 1.2830 and finished trading at the lows, losing 120 pips for the week. The last time EUR/USD posted a weekly gain was in July; since then it has fallen almost 800 pips.
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