· US Q4 GDP confirmed at tepid 0.6 percent, but upward revision to personal consumption leads to short-term US dollar rally · Sentiment fails to hold throughout the day - EUR/USD consolidates gains, DJIA e · The credit crunch rumbles in the UK as Nationwide - one of the country's biggest mortgage lenders - raises rates in an effort to avoid being 'overly competitive.'
Stories to watch on DailyFX · Additional rate cuts by the FOMC are likely. Find out why in Watch What the Fed Watches. · According to FXCM SSI, Euro Positioning And Open Interest May Signal An Impending Flip. We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com