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SCO - April Optimism Could Be Key Turning Point For Global Growth
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By Ed Moya
The US dollar climbed higher as markets balanced out global growth concerns along with optimism a trade deal was nearing between the two largest economies in the world. US economic data painted a mixed picture with the earlier data in the week confirming slowdown worries. The focus is expected to shift away from the 3-month/10-year yield curve inversion as April data is expected to show signs the economy is stabilizing or possibly rebounding. Trade optimism is also growing as Chinese Vice Premier Liu He will resume talks with US officials in DC