Dollar Rose After Strong Data on US GDP for Q3

Market Reviews

The US dollar grew with the support of GDP data for the third quarter. The US economy grew by 3.3% yoy in the third quarter, above the forecast of economists, who expected the growth rate of 3.2%. Growth of 3.3% year-on-year was the fastest in three years.

The British pound remains the strongest major currency amid news that the UK and the EU reached an agreement on the amount that London must pay to Brussels for withdrawing from the EU. It is reported, that Britain is ready to pay the EU about 45-55 billion euros.

In its semi-annual review of financial stability, the ECB warned that the constant squeezing of risk precedents, subdued volatility and signs of increased risk-taking behavior in global financial markets are a source of concern.

The confidence of enterprises and households in the euro area continued to improve in November. The economic confidence index, which unites the confidence of business and consumers, rose to 114.6 in November from 114.1 in October to the highest level since October 2000.