The dollar rallied following the higher than expected Q4 GDP outcome, and the much better than expected Chicago PMI print. The DXY rallied to 96.28 highs from opening levels near 95.85. EUR-USD fell to 1.1360 from highs near 1.1420, while USD-JPY posted two-month highs of 111.43, up from around 110.75. USD-CAD bounced initially to 1.3207 after the data, later bottoming at 1.3140 as oil prices remained firm. Cable meandered on either side of 1.3300.
[EUR, USD]