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The EURUSD dipped in the the Tokyo session, then rallied in the London session.  At 5:00 AM EDT the Eurozone Construction Output statistic came out weaker than expected at -2.2%.  German construction fell 12.3% from February.  Last week Eurozone GDP was showed stronger than expected growth of 0.7% largely as a result of higher construction spending - especially out of Germany who benefitted from a mild winter. 

Given the weaker data, the focus of the market turned away from the weak US economy and focused on the EURo instead.