Fed’s Bostic: GDP will increase by 2.6% this year

The US GDP will increase by 2.6% this year according to Atlanta Fed President Raphael Bostic. The Fed’s policymaker also mentioned that the economy is strong, and demand is high, adding that Fed policy must be robust, vigilant, and adaptive.

Following the comments, the EUR/USD pair is defensive around 1.0530, keeping the two-week-old trading range intact, as market players await the key CPI data in the United States.