The U.S. dollar was trading mixed on Friday despite a higher GDP report for the second quarter.
The U.S. department of commerce released the preliminary GDP report for the second quarter. As expected, the GDP in the second quarter advanced at a pace of 4.1%. It was however slightly lower than the 4.2% forecast. The data marked the strongest pace of GDP growth since Q3 of 2014.
Earlier in the day, the flash GDP reports from France showed that the economy advanced at a slower pace of just 0.2% on the quarter. This was below estimates of a 0.3% increase.
Looking ahead, the economic data today will see the release of the German preliminary inflation report. Forecasts point to a 0.4% increase in headline inflation on a month over month basis.
