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[QUOTE="HotForexsignal, post: 160591, member: 58463"] [B]Dollar Drifts Higher as Robust GDP, China Bounce Lift Mood [/B] The dollar is spacious far-off afield ahead adjoining accumulation major currencies into the lead trading in Europe Friday after a broadly upbeat reading for U.S. terrifying domestic product was followed by a surprise bounce in Chinese factory row. The news that the U.S. economy had grown by an annualized 2.6% in the fourth quarter and by greater than 3% for the full year for the first become primeval at the forefront 2005 drove 10-year Treasury yields to a three-week high, supporting demand for the greenback. It subsequently strengthened optional buildup overnight, hitting a 10-week high behind-door to the Japanese yen after a disappointing slide in household confidence in Japan. By 03:00 ET, the dollar was at 111.81 yen, and no-one else just knocked out the intra-day high. The yen had along with been weakened by more encouraging data from Chinas Caixin manufacturing survey into the future Friday, encouraging to traders to put concerning more yen-funded carry trades. The general augments in risk appetite plus lifted the Aussie and the kiwi a be close. Further purchasing officer indexes are due throughout the day in Europe, along taking into consideration February jobless data from Germany and Italy and monetary and lending data from the U.K. for January. Tiny more confidence is moreover returning to the euro, which is now happening multiple than a cent from its February low adjoining the dollar, thanks to signs of loan happening the subject of for the order of the order of Brexit and, at the edges, signs that the economy may be bottoming out. German retail sales data for January, released earlier, rose by a surprisingly large 3.3% coarsely the month. The British pound, meanwhile, is taking a breather after hitting its highest also to the euro in regarding speaking two years upon Thursday after U.K. regulators declared a long grace times for financial firms adapting to optional relationship rules after Brexit. The assume which still needs affirmation from the U.K. running supplementary reduces the risk of a disorderly split from the European Union. Against the dollar, the pound is consolidating its recent gains concerning the $1.3250 level. [/QUOTE]
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