Greenback Marginally Pressured In Early Asian Trade

The USD is a touch pressured in early dealing on Thursday, the Antipodeans are paring some of Wednesday's and the Yen is firmer after the revised Q1 GDP print.

• AUD/USD is ~0.2% firmer, last printing at $0.6660/65, the pair has cleared the 50-Day EMA and resistance comes in at $0.6717 the high from June 7.
• Kiwi is also ~0.2% firmer, NZD/USD is paring some of Wednesday's losses. Early in the session Q1 Mfg Activity printed at -2.1% Q/Q (volume) and -2.8% Q/Q (sales), there was little reaction in FX markets.
• Yen is firmer, USD/JPY sits a touch below the ¥140 handle after printing a low at ¥139.87. The final read of Q1 GDP printed at 0.7% Q/Q a rise of 0.5% had been expected.
• Elsewhere in G-10, EUR and GBP are ~0.1% firmer reflecting the wider USD move.
• Cross asset flows are muted, e-minis are flat and US Treasury futures are marginally lower.
• Australia April Trade Balance provides the highlight for the remainder of the Asian session today, a surplus of $13.65bn is expected. Further out we have the final read of Eurozone GDP and US Initial Claims.