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- Lira extends weakness after Q1 GDP missed expectations, warning of contraction
- Breaking: Canada’s Mar GDP -7.2% vs -9% forecasted
- Extension above 1.11 eyes key Fibo barrier at 1.1166
- Traders move into safe-haven ahead of President Trump’s speech on China
- Breaking: US weekly crude stocks unexpectedly rose 7.9 million barrels vs forecasted draw of 1.9 million barrels
- Dollar index extends weakness as better than feared US data boost risk appetite
- Breaking: US Q1 GDP -5% vs -4.8% f/c; weekly jobless claims 2.12 mln vs 2.1 mln f/c
- Oil remains in defensive after 5.7% drop on surprise crude stockpiles build
- Optimistic fundamentals prevent deeper pullback for now
- Sterling remains pressured by Brexit trade talks uncertainty and risk of negative rates