Risky flows weighed on the dollar
What you need to take care of on Friday, May 27:
Australian retail sales are growing in Asia.
The US dollar attempted a modest recovery early Thursday but ended the day with losses against most major rivals. U.S. data lukewarm and the rally in equities helped particularly safe-haven rivals.
The second US estimate of first-quarter gross domestic product, whose growth was revised down to -1.5%, worse than the previous estimate of -1.3% and missing market expectations of -1, 4%.
The EUR/USD pair is approaching its weekly high at the end of the day, trading around 1.0720. GBP/USD is hovering just below 1.2600. The Canadian dollar was among the strongest, with USD/CAD changing hands at 1.2770 as oil prices soared. WTI settled at $113.90 a barrel. AUD/USD, on the other hand, remained stable in the 0.7090 region, unable to get ahead of the rally on Wall Street.
Gold swung between gains and losses, ending the day little changed at around $1,852 per troy ounce.
Among the American indicesthe Nasdaq Composite was the best performer, up about 3%. The S&P 500 and the Dow Jones Industrial Average added about 2% each.
Solana, Avalanche, Polkadot and NEAR Protocol risk a 40% flash crash
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