USD Falls To 1 Month’s Low

USD fell to one month’s low as the US GDP q/q report casts doubt on the strength of the US economic recovery. This supported the FED’s commitment to keep the interest rates almost zero. The U.S. currency slipped to the lowest in more than two weeks versus the euro as reports showed durable-goods orders in May unexpectedly fell and the economy contracted more than estimated in the first quarter. US Economy contracted in the first quarter by the most.

Are these poor GDP figures already priced in the stocks and the US Dollar?

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