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The Greenback gains following positive U.S economic news and gasoline rises in straight eight days on Harvey impact

Oil prices slipped and gasoline advanced as Hurricane Harvey in Texas continued to pound the energy-rich Gulf of Mexico coast. U.S WTI crude futures was trading at $45.96 per barrel in the early trading and Brent crude was at $50.87 per barrel, flat from its last close. The storm is estimated to be the worst in U.S history in terms of financial cost with some analysts pegging the cost at $160 billion. Read more on site! goo.gl/UWUpJD


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Fundamental Analysis 28 June 2017

In the UK, supermarket owners celebrate the industry's highest growth rates in five years. Sales growth is impressive: 5% over the last three months, while food prices grew by 3.2%. Also, yesterday the Bank of England released Financial Stability Report, which occurs just twice a year and this data is influential for UK economy. Read more about another economy news on site right now! goo.gl/5mWVka

Will the USA increase rates, sending the US dollar flying higher?

Check the release of the UK Construction PMI - an indicator of the construction markets robustness and is regarded as a leading indicator of economic health. Important state of USA economy shows the release of the ADP Non-Farm Employment Change figure, also many investors are waiting for Federal Funds Rate and statement out of the US. Read more about influential events and figures here goo.gl/Q7ToSB