U.S. Dollar Trading (USD) the ‘risk on’ mood continued Friday with stocks gaining for a 4th day even as economic data was mixed. Q1 GDP fell to 2.2% vs. 3.0% previously but stocks did not take this too negatively in fact it supports the view that the FED will keep monetary policy in the US loose for an extended period of time. Looking ahead, March Personal Income forecast at 0.3% vs. 0.2% previously.
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