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The significant slowdown economic growth in the U.S.

The significant slowdown economic growth in the U.S. | 24 December 2020

24 December 2020, USD/JPY

The significant slowdown economic growth in the U.S.

USDJPY trading plan:

The consumer spending, which accounts for more than two-thirds of U.S. economic activity, declining 0.4% in November after increasing 0.3 in October. That was the first drop in consumer spending since the recovery started in May. The raft of weak data bolsters traders' expectations for a significant slowdown economic growth in the fourth quarter and a potential contraction in output in the first three months of 2021, despite the stimulus and two vaccines to fight COVID-19 being distributed.

Investment idea: range 103.36 -103.69.

David Johnson
Analyst of «FreshForex» company
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