Daily Insight -- USD under pressure
​Following the Federal Reserve's statement on Wednesday that inflation remains below its 2% target and investors see no possibility for further rate hikes this year, the USD fell. On top of this news, US macroeconomic data showed that growth accelerated less than expected in the second quarter, up only 2.6% annualized in the 2Q17. Moreover, first quarter results were revised downward to 1.2% from 1.4% previously, causing the DXY fall to 93.39. By the end of Friday, it declined 0.6%, to 93.26.
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