The US reported GDP growth of 2.3% annualized in Q1 2018, better than 2.0% expected but close to the “whisper number” after the durable goods orders. The US Dollar began with a small rise, reaching new highs against the yen and the euro, but then retreated. It looks like profit taking move after a week of big gains for the US currency. Yields have retreated as well. All in all, the US economy is looking strong and the message from the Fed next week will likely be upbeat.
Here is the live coverage of the event as it happened:Get the 5 most predictable currency pairs