Eurozone eurozone industrial production dropped in March, driven by declines in the output of the big four countries, raising concerns over the strength of the region's economic recovery.
Production shrunk 0.3% in March following a 0.2% increase in the previous month.
This was in line with economists' expectations, and may compel the ECB to finally act in June.
Meanwhile, there was little reaction to data showing that US retail sales inched up by less than expected in the month of April.
The report said retail sales edged up by 0.1% in April after surging up by an upwardly revised 1.5% in March.
The dollar was stuck at
Early losses took the dollar to
The Bank of
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