The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week.
Here is what you need to know on Thursday, April 25: The USD Index managed to reclaim some ground lost and approached the 106.00 region helped by rising US yields. On April 25, the advanced Q1 GDP Growth Rate will take centre stage seconded by usual weekly Initial Jobless Claims, and Pending Home sales EUR/USD traded in a tight range and remained close to the key 1.0700 zone amidst the tepid bounce in the Dollar. Germany’s Consumer Confidence, tracked by GfK, is due on April 25.
00 barrier to print a new 34-year high amidst unabated intervention fears. The Japanese calendar will include weekly Foreign Bond Investment and the final Coincident Index and Leading Economic Index on April 25. AUD/USD climbed to multi-session tops north of the 0.6500 barrier, extending the recovery for the third day in a row. There will be no data releases Down Under on April 25.
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