More US economic data points beat expectations on Thursday but the dollar was sluggish, we look at why. On the day the Australian dollar was the best performer while the euro lagged. Later, yen risks are heightened with a major slate of Japanese data is due. Our 3 NZD Premium trades await tonight's NZ data on building permits and consumer confidence. The Japan data will impact our EURJPY trades
The parade of better US economic data continued with GDP but after an initial spike the dollar sagged. First let's look at the data.