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Wall Street closes mixed but with weekly gains

FXstreet.com (San Francisco) - The US stocks market closed mixing red and green numbers with the Dow advancing but the S&P 500 and Nasdaq declined on Friday. Investors were cautious on weaker than expected US GDP in the Q1. However, US grow at 2.5% annualized rate in the first three months of 2013, pretty decent number if you compare with Europe or Uk.

The Dow Jones advanced 11.75 points or 0.08% to close at 14,712.55. The DJIA won 1.13% on the week. The S&P 500 declined 2.92 points or 0.18% to end at 1,582.24, but the index was 1.74% higher on the weekly basis. The Nasdaq eased 10.73 points or 0.33% to finish the day at 3,279.26, its first negative day in six days. The composite rallied 2.28% on the 5-day term.

Forex: GBP/USD may soon test around the 1.5580-1.5600 - Viloria

The UK avoided 3-dip recession on Thursday as The Britain GDP rose by 0.3% in the Q1, above expectations of 0.1% advance and well above 0.3% decline posted in the Q4 2012. Investors were confidence, or at least less worried, about the United Kingdom future and the GBP/USD rose around 300 pips in two days from the 1.5260 region on Thursday to test the 1.5500 in the Friday's session.
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Session Recap: USD falls weaker than expected US GDP data

The greenback traded on Friday on wait and see mode after US GDP but before next week central banks meeting. Dollar Index retreated for the third consecutive session. The US GDP data disappointed traders after expanding 2.5% in the Q1 vs the 3.0% estimated.
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