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US: Weakening data surprises on the cards - Nordea Markets

5 days ago   |   By FXCM

Analysts at Nordea Markets suggest that they have been surprised by the resilience of the US macro momentum compared to already lofty expectations (given how the rest of the world has surprised negatively), but there are tentative early signs that the US surprise index is now starting to fade from its lofty levels.
Key Quotes
“If the US starts to deliver somewhat less stellar data, it will ease the upside pressure on the dollar. In contrast, Euro-area economic data might also start to rebound as some of the adverse effects from the EUR's rise last year will start to abate later this...
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