For most of Asian trading the USD consolidated its gains, however in the early hours of European trading risk appetite started to improve. The primary catalyst was the unexpectedly strong German Q1 GDP data which printed at 1.5% q/q vs 0.9% exp, 0.4% prior; 5.2% y/y 4.5% exp, 4.0% prior (French data was also good). The data was also able to offset some negative Greek comments by the ECB’s... ...More...


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