ForexLive European FX news wrap: Dollar stays in cruise control for the most part ...Middle East

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Headlines:Dollar continues to stay in prime positionTreasury yields nudge higher on the sessionECB's Rehn reaffirms June rate cut if there are no inflation setbacksUK February ILO unemployment rate 4.2% vs 4.0% expectedGermany March wholesale price index +0.2% vs -0.1% m/m priorGermany April ZEW survey current conditions -79.2 vs -76.0 expectedEurozone February trade balance €23.6 billion vs €11.4 billion priorUS trade chief says 'taking a serious look' at tools to deal with ChinaXi says China and Germany have huge potential for win-win cooperationMarkets:EUR leads, AUD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields up 2.3 bps to 4.650%Gold down 0.4% to $2,3

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