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Markets often react strongly to U. EVENT RISK: Friday GMT EZ flash HICP inflation. This statistic normally only sees minor revisions, so it presents an EVENT RISK after Draghi press conference. EVENT RISK: Friday GMT US GDP Preliminary 1Q17 data seen at 1. Markets reacted strongly to the ECB policy decision. As expected policy was held steady. Many were unhappy that there were no signals about a future policy "normalization" tightening.

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