The final reading for second-quarter GDP out of the US is expected to confirm the previously reported data. The Fed’s preferred inflation gauge, the core PCE is predicted to remain at 1.7% annualized and below the 2.0% inflation target. With the slowing economy, inflation remains absent despite a tight labor market. Forex traders will also look forward to more housing data following yesterday’s upside surprise.The USDSGD just moved above resistance, will today’s economic data result in more upside or will price action correct to the downside.
