Investors will be paying attention to German GDP figures today

San Francisco Fed president, Mary Daly, concurred with the thoughts of Fed chairman Powell in the context of an interview yesterday.? Daly stated that the time is right to adjust monetary policy as inflation has consistently dwindled over time. Yesterday, data revealed that durable goods orders increased by 9.9% on a monthly basis in July. The consumer confidence report,? monthly housing price index and the Richmond Fed manufacturing index are due today. . The greenback is currently trading at 100.78 against major peers.

Investors will be scrutinising annual and quarterly GDP data for the German economy today. The IFO survey reflected the resilience of the German economy yesterday,? with the business climate reading climbing to 86.6 points and expectations rising to 86.8 points. German Gfk consumer confidence survey and Bundesbank president Joachim Nagel shall be talking about the monetary policy today and it would be? interesting to understand whether he actually shares the point of view of? ECB chief Lagarde about prioritising the fight against inflation and keeping interest rates high.? The fibre is currently trading at 1.1166 ahead of German GDP figures.