London Session

Another seesaw ride in the currency markets to start the day in European trade.  The pattern over the last couple days has the dollar under early pressure and then we have seen dip buyers emerge.   The session so far has highlighted by several key pieces of European economic data.   The most relevant releases began with German Preliminary first quarter GDP and April CPI data.  GDP came in much better than expected at 1.5% against forecasts for 0.7%, while the CPI
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