The dollar majors have been seeing narrow ranges, as have global equity markets. The consensus view remains for ongoing robust recovery for North America and Europe, and many other major global economies. The uncertainty remains over the timing and extent of monetary policy stimulus reduction. Data releases today, including the German Ifo and French business confidence, and, out of the U.S, second-release Q1 GDP, alongside durable orders and weekly jobless claims data, should collectively affirm activity is bouncing back strongly. Political negotiations over U.S.