Mid-Day Report: Dollar Losing Momentum, Struggling in Range after Mixed Data

7:23 AM No Comments

Dollar lost upside momentum further today and is stuck in tight range after release of mixed economic data. The Q1 GDP growth was revised down further to -1.0%, much weaker than market estimate of -0.6%. That's also the first contraction reading since Q1 of 2011. Nonetheless, markets weren't too worried



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