Dollar Recovers Shrugging GDP Miss, Swiss Franc Reversing :

Dollar shrugs off worse than expected Q1 GDP data and recovers against European majors in early US session. But momentum is so far weak except versus Swiss Franc, which happens to be the worst performer for the day. Australian Dollar and other commodity currencies turned into consolidation, digesting this week's losses. Meanwhile, Euro and Sterling are losing much momentum for now, and turned mixed. Yen is also engaging in range trading, awaiting tomorrow's first BoJ announcement by new governor Kazuo Ueda.

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