Options aren’t a large factor in trading today as most expiries are small or distant. Economists are scaling down GDP tracking estimates:
- Barclays sees Q3 at 1.9% from 2.1%
- Renaissance sees 2.4% from 2.8%
- Goldman sees 1.7% from 1.8%
Despite the worries, the dollar is proving to be resilient as it slowly claws back losses against the yen and pound. Remember that the UK is off on holiday so liquidity is lower than normal.
