The Euro (EUR) Q1 GDP surprised at 0.8% at 0.6% previously and helped the Euro rally briefly into Europe but sellers took control the major slumped to fresh month lows. EUR/USD headed towards the key 1.4000 level. Overall the EUR/USD traded with a low of 1.4064 and a high of 1.4339 before closing the day around 1.4106 in the New York session. Looking ahead, April Inflation forecast at 0.6% vs. 1.4% previously.
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