25.03.2016 - US GDP grew by 1.4% in Q4

Today was published the final report on the growth of the US economy in the 4th quarter of the last year, according to which the United States GDP increased by 1.4% which is 0.4% more than the forecast. At the same time profits of US companies declined amid falling exports, cheaper imports and the growth of wages. Thus, the profit in 2015 decreased by 3.2% after rising by 1.7% in 2014. Given the positive data on the US economy and the growth of confidence in the Federal Reserve raising interest rates in the near future, we expect the fall of the euro in the coming months with the potential of reaching the levels of 1.0700 and 1.0550.

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