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Market focus
On Thursday, August 29, the economic calendar will be saturated with data.
- At the start of the day at the Asia-Pacific trading session, it is worth to note data on business confidence in New Zealand and investment in Australia.
- European trading will be saturated with data on: GDP of France, employment in Germany and preliminary inflation data in Germany.
They will set the tone for trading on the euro.
- The main event of the US trading and the day in general will be the US GDP.
The latter is expected to have a restrained slowdown in the US economy, which may increase the pressure on the American dollar due to an increase in the likelihood of a decrease in the US Federal Reserve rates.
Hanzenko Anton