• US GDP growth for the first quarter got revised higher to 1.4%.
• US Dollar Index stays in negative territory below 106.00.

The US Bureau of Economic Analysis announced on Thursday that it revised the annualized real Gross Domestic Product (GDP) growth for the first quarter to 1.4% from 1.3% in the previous estimate. This revision came in line with the market expectation.

"The increase in real GDP primarily reflected increases in consumer spending, residential fixed investment, nonresidential fixed investment, and state and local government spending that were partly offset by a decrease in private inventory investment. Imports increased," the BEA explained in its press release.