Flash: US growth – BAML

FXstreet.com (London) - Tomas Rhys Edwards at BofA Merrill Lynch noted the calendar is light today but explains the US data coming up.

Key Quotes:

“The data calendar is relatively light today in developed economies with existing home sales data and the Chicago Fed National Activity index being released in the US”.

“The data releases will provide some additional light on 2Q growth after our US team marked their 2Q forecast down to 0.9% last week”.

“Weakness in 2Q should not filter over into 3Q and they revised their forecast higher to 2.0%”.