FXT: U.S. GDP drops 5.5% in the first quarter; Euro dips, Yen rises
FXstreet.com (Barcelona) - U.S. Gross Domestic Product shrank at a 5.5% annual pace in the first three months of the year, upwardly revised from the 5.7% decline previously estimated, according to data released by the U.S.Commerce Department
EUR/USD and USD/JPY have both dipped after GDP and Jobless Claims Data. EUR/USD has dipped from levels around 1.3940 before U.S. Data was released, to intra-day low at 1.3912.
USD/JPY has dropped further away from resistance level at 96.50, reaching levels below 96.20 after GDP and Jobless claims data was released.
