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3 numbers to watch: Eurozone GDP, German Industrial Production, ECB rates
Overnight's Australian GDP for the first quarter finally got us a good start to the day as the economy grew 1.3% q/q (mind you, not annualised like in the US) vs. 0.6% expected and 4Q'11 was also revised a tad higher. Andrew Robinson has more on Australian GDP in his Asia Today FX Update. We get more GDP figures today, as the final 1Q'12 Eurozone GDP report will be out, as will German Industrial Production and the ECB. Also, for those interested, the Fed's Beige Book will be out tonight at 18:00 GMT. 1Q'12 Eurozone GDP (final, 09:00) to stay unchanged: The battling monetary union surprised to the upside in the ... (full story)