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US GDP tracking update raised-  Nomura

Analysts at Nomura explained that today’s single-family housing starts and permits data were slightly stronger than we had expected, suggesting that residential investment in Q3 may be greater than we have previously anticipated. 

Key Quotes:

"While multifamily housing starts came in weaker than expected, considering the difference in construction expenditure per unit between single-family and multifamily homes, and a weak relationship between multifamily starts and actual construction spending which is estimated on an accrual basis, we think that the positive impact from strong single-family starts outweighs the decline in multifamily starts. Thus, we raised our Q3 GDP tracking estimate by 0.1pp to 3.0% q-o-q saar."

ECB to roll back accomodation? - Scotiabank

Analysts at Scotiabank explained that Germany reported a 0.6% gain in GDP growth for Q2, a little below median expectations for a 0.7% gain.  Key Quo
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When are the FOMC minutes and how could they affect DXY?

The US FOMC minutes, of the July 25/26 meeting, will be released on Wednesday at 18:00 GMT. At that meeting, the Federal Reserve decided to keep...
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