Western Union notes:
The dollar got a fundamental boost in constructive U.S. data this week which sent it to two-week highs against the euro. Existing home sales rose at the fastest rate in years while a gauge of business spending rose for the second time in three months.
Solid U.S. data has pushed up U.S. Treasury yields, a reflection of greater confidence in a Fed rate hike this year. The final estimate of U.S. first quarter growth on Wednesday is forecast to show a smaller contraction while data on the all-important consumer on Thursday will also be pivotal in shaping expectations for U.S. interest rates.


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