U.S. Dollar Trading (USD) risk off selling continued into Europe yesterday but support was found and we saw good rebounds in most markets from Gold to the Euro. US data was strong with April Industrial Production rising 1.1% vs. -0.6% previously m/m. US Stocks closed lower but only marginally. Looking ahead, Weekly Jobless Claims are forecast at 365k vs. 367k previously. Also May Philly Fed forecast at 10 vs. 8.5.
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