The post European Union/International Monetary Fund bailout euphoria continues to wind down and this means that the U.S. dollar and the yen are in solid shape.
The euro has eased back to pre-weekend levels, trading closer to the $1.2650 mark in Europe and with $1.25 within sight. A calmer market environment prevails though.
Eurozone first-quarter gross domestic product was better than expectations. Cable is stable, just below $1.50, with limited impact from the formation of a new government and mixed news from the U.K. econonomy/Bank of England inflation report.
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