The European economic docket will feature inflation and Gross Domestic Product data for Spain, Italy and Germany, as well as GDPfigures for the Eurozone.Later in the day, ADP Employment Change data from the US will be watched closely and the US Bureau of Economic Analysis will publish the first estimate of the annualized GDP growth for the third quarter.
2% on a quarterly basis in the third quarter. This reading followed the 1% increase recorded in the second quarter and came in slightly below the market expectation of 0.3%. On a yearly basis, the CPI rose 2.8%, compared to analysts' estimate of 2.9%. AUD/USD stays under modest bearish pressure and trades near 0.6550 in the European morning on Wednesday. USD/JPY failed to gather directional momentum and ended the day flat on Tuesday.
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