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CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

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Greenback's holding up relatively well ahead.....>

US
US: Greenback's holding up relatively well ahead of the US crossover, with
further progress still stymied by yesterday's multi-year lows in US 10y Treasury
yields. They've recovered slightly so far Thursday, climbing back above 2.25% as
US equity futures recover. The e-mini S&P showed below the 200-dma in the
Wednesday session for the first time since early March, hitting 2766.25 before
failing to close below.
-The modest USD recovery is weighing on precious metals prices slightly, with
spot gold and silver down 0.1-0.3% at pixel. Oil prices are better, however,
with WTI crude futures approaching $59/bbl and the 200-dma at $60.28.
-Focus turns to Q1 GDP from the US, with core PCE numbers also expected to draw
attention. Weekly jobless claims and pending home sales for April also cross.
Fed's Clarida and BoC's Wilkins are due to speak.
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