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Portugal Gross Domestic Product (QoQ) improves to -0.3% in 1Q; -3.9% YoY

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Forex: EUR/USD testing 1.2900 level after GDP in EMU

The EUR/USD has been in focus today, given its unsavory weakness that has left it trading at early April lows. Indeed, the single currency has found itself facing short-term headwinds, with the pair now trading at 1.2900/01 on the heels of economic data in the European Monetary Union.
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