US GDP, initial jobless claims and trade balance coming up next ...Middle East

The US dollar is under pressure against the low-yielding yen and Swiss franc while S&P 500 futures are down 20 points.Expect swings at the bottom of the hour with a handful of US economic data releases:Q1 GDP (second reading)Initial jobless claimsAdvance goods trade balanceWholesale inventoriesCanadian current accountThen at 10 am ET, we get US April pending home sales.On the Fed calendar, we get Williams at 12:05 am ET and Logan at 5 pm ET. This article was written by Adam Button at www.forexlive.com.

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