Will US GDP boost the Dollar Index? [Video]

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The article discusses the potential impact of the US GDP release on the Dollar Index. The preliminary release of US GDP for the first quarter is expected on Thursday, with the possibility of a higher-than-anticipated figure. The Atlanta GDPNow model predicts growth of 2.9% compared to the forecast of 2.4%. On Friday, the core PCE for March will be released, along with personal consumption and income data. The article also mentions the upcoming Bank of Japan (BoJ) decision and the Eurozone flash PMIs. The USD/JPY pair has been finding strong resistance near the 34-year high of 154.77, while EUR/USD is moving sideways after rebounding from a five-month low. The services PMI in the Eurozone is expected to rise to 51.9 and the manufacturing PMI to 46.5 in April.

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