ForexLive European FX news wrap: Dollar, yields heavy going into CPI showdown ...Middle East

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ForexLive European FX news wrap: Dollar, yields heavy going into CPI showdown
Headlines:The pressure is on for the dollar with CPI in focusBond yields feeling heavy ahead of key US data laterECB's Müller: A June rate cut is very probableECB's Rehn: Rates can be cut if confidence on inflation progress continues to strengthenFrance April final CPI +2.2% vs +2.2% y/y prelimEurozone Q1 GDP second estimate +0.3% vs +0.3% q/q prelimEurozone March industrial production +0.6% vs +0.5% m/m expectedUS MBA mortgage applications w.e. 10 May +0.5% vs +2.6% priorMarkets:JPY leads, USD lags on the dayEuropean equities slightly higher; S&P 500 futures flatUS 10-year yields down 3.1 bps to 4.413%Gold up 0.2% to $2,363.02WTI crude down 0.7% to $77.50Bitcoin up 1.3% to $62,445It was a q

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