Daily FX Wrap Up

The US dollar remained largely unchanged today against its major counterparts, with the EUR/USD stuck in a narrow 50-pip range. The widely watched Beige Book , was released this afternoon with the Federal Reserve, reporting that a quarter of the districts reported firming growth, with the balance showing moderate or mixed growth. Housing was reported as weak in all districts, but consumer spending has increased in some areas of the country.
Some economists expect US economic growth to slow to around 2.0 pct in the third quarter from 2.6 pct in the second, marking an abrupt slowdown from the 5.6 pct growth notched up in the first three months of the year. By XPRESSTRADE Futures Analyst David Hilgeman