Market news: Indian and Iranian defense ministers held a bilateral meeting in New Delhi.

Spot palladium fell below $1,500 an ounce, down 0.52% on the day.

Philippine Central Bank Governor Medalla: If Fed policy prevents the Philippine Central Bank from cutting interest rates, lowering the deposit reserve ratio is an option.

Russia’s central bank’s gold and foreign exchange reserves totaled US$597.1 billion in the week ended April 21, up from US$600.2 billion in the previous period.

Central Bank of the Philippines Governor Medalla: The core and chain CPI showed signs of deceleration.

ExxonMobil: Nigerian plant resumes normal operations after settling labor dispute with internal unions.

Spot silver rebounded by US$0.1 in the short term and is now at US$24.97 per ounce.

Spot gold rebounded by US$6 in the short term and is now at US$1987.02 per ounce.

[Financial website Forexlive commented on the initial value of US GDP in the first quarter] Inventories have been greatly dragged down, and yesterday’s wholesale inventory report also hinted at this. Although the market expected an increase of 2%, the later revised expectations, including the Atlanta Fed’s expectations, are all Lower, so GDP growth below 2% is not too surprising, which is why the dollar strengthened against the yen. Also, consumer data was strong, which is positive going forward. A surprise rise in inflation data, including core personal consumption expenditures, also helped boost the dollar against the yen.

Non-US currencies continued to fall. The euro against the US dollar EUR/USD fell by 47 points in the short term, and is now reported at 1.1013; 1.3631; New Zealand dollar NZD/USD fell 25 points in the short term and is now at 0.6141.

McCarthy, Speaker of the US House of Representatives: The deal between Microsoft and Activision Blizzard looks good.

The U.S. 10-year yield rose 5.30 basis points to 3.483%.

U.S. Treasury bonds fell after data showed U.S. GDP fell short of expectations in the first quarter.

The initial value of the annualized quarterly rate of the PCE price index in the first quarter of the United States was 4.2%, and the previous value was 3.7%.

USD/CHF extended its intraday gain to 0.50% against the Swiss franc and is now at 0.8959.