The market expected a 1.0% rise.
Inventories add to GDP when they rise, so a mixed blessing, though the last thing you want is GDP rising only on inventory building…ya gotta sell the stuff eventually…
The Greenback is enjoying a solid rally across the board this morning. EUR/USD’s failed rebound combined with continued selling of CHF is boosting the buck across the board…EUR/USD trades at 1.2912, having been as low as 1.2904.
