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US Advanced Q1 GDP Take Focus, USD Index Treads Water

EMERGING MARKETS
  • The USD Index is sticking to the midpoint of the week's range headed through to the NY crossover, as markets tread water ahead of a busy data docket to end the week.
  • US data takes focus on Thursday, with advanced US GDP for Q1 the highlight, ahead of pending home sales and the Kansas City Manufacturing Index. On Friday, both the BoJ decision and a large number of CPI and GDP releases from across the Eurozone are scheduled to round off the week.

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