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Forex Flash: majors relinquished intra-day highs but ended up on dollar still - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the majors relinquished intra-day highs but managed to end higher against the dollar on Thursday after slightly better than expected initial claims lent some marginal support to the greenback.

He continues to note that CAD meanwhile made the most of the pickup in optimism towards the US economy and climbed across the board, with USD/CAD testing below 1.0200. He adds that meanwhile, background expectations of a potential ECB rate cut continued to hamper the EUR, which trailed its counterparts within G10 space. Elsewhere, GBP stole the limelight and jumped higher across the board on the back of better than expected 1Q GDP numbers. He notes that the BoJ meeting has seen most focus but later in the day, US GDP is also due and investors may remain on the sidelines pending these two risk events.

Forex Flash: Chinese MNI business sentiment indicator fell from the April flash indicator - Nomura

Nomura economist Zhiwei Zhang notes that the final MNI China business sentiment indicator was 58.5, down from 59.3 in the April flash indicator and up slightly from 58.2 in March.
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Forex: EUR/USD testing session highs in 1.3035/40

The euro is now attempting a rebound to session highs in the area of 1.3040/45, as risk appetite continues to linger...
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