The US economy is showing strength in Q1 2024, with GDPNow forecast revised upwards to 2.9%. Positive indicators like strong employment data and rising consumer confidence are boosting the USD. Expect the USD to continue its climb against the EUR and GBP, while Eurozone and UK face challenges. Central banks are likely to maintain accommodative policies, but the Fed could turn more hawkish with sustained economic strength. Keep an eye on data releases and central bank meetings for market insights.
The US economy continues to show signs of strength as the latest data points to a robust performance...Subscribe to access the full content