• April growth unchanged at +0.3%
  • Year-over-year growth 2.4% vs 2.6% exp
  • The report cites retail, finance and insurance as sources of strength
  • Producer prices -0.3% vs -0.1% exp
  • Raw material price index -4.0% vs -2.3% exp

Small bounce to a session high at 1.0033 but back to 1.0028 with the market reluctant to make any moves ahead of the Fed/ECB/BOE.

Corporate offers reported at 1.0080 and 1.0120.