Friday's US GDP revisions missed expectations, raising concerns of a sharper pull-back in US economic growth this year ahead of Payrolls Friday on April 3rd. Fed Chair Janet Yellen was also speaking on Friday evening and gave markets no certainty about the future path of US interest rates.
Weak US data this week could halt USD appreciation however the USD Index is still expected to make March 2015 its ninth straight month of gains. Yellen said the Fed is likely to hike this year if US economic data improves but could then reverse that decision in the future if economic expectations falter.
High-profile US jobs data on Friday April 3rd will be closely watched by markets. Jobs growth is expected to decline but remain well above the 200k threshold.


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