Better Inflation Outlook Lifted USD

The greenback firmed although headline GDP growth came in less than expected. The inflation outlook, however, appeared to have improved with the core PCE deflator rising +1.8% saar, the largest increase in 3 years. Wall Street was mixed with DJIA slipping -0.03% and S&P 500 closing flat for the day. In the commodity sector, crude oil fell with the front-month WTI contract losing -0.55% and the Brent contract down -0.13%.

from Oil N' Gold Focus http://ift.tt/1IwgSWl