EUR review

The euro took aim at recent two-month highs as growth worries returned to pressure the U.S. currency. The euro also benefited from rising yields on German government bonds or Bunds which helped narrow the advantage of comparable U.S. yields. 

The yield on the German 10-year bond was close to 0.60 percent, the highest this year, from the all-time lows barely above zero recorded in April. Area data largely offset with retail sales down 0.8 percent in March but services growth got upgraded to 54.1 in April. 

Greece reportedly repaid the IMF the €200 million ($222 million) that it owed. But Athens has a bigger payment of €750 million to make on May 12.