Germany and France powered economic
growth in the euro area in the first quarter as booming exports
fueled domestic spending in the bloc’s core, offsetting turmoil
sparked by sovereign debt woes in Greece, Ireland and Portugal.German gross domestic product jumped 1.5 percent from the
fourth quarter and the French GDP rose 1 percent, exceeding
economists’ median forecasts of 0.9 percent and 0.6 percent
respectively. Austria’s economy grew 1 percent and Holland’s
expanded 0.9 percent. First-quarter GDP figures for the 17-
nation euro region are due from the European Union’s statistics
office in Luxembourg at 11 a.m.

TOKYO, May 27 (Reuters) - The dollar tumbled broadly on
Friday after weak U.S. economic data dragged the 10-year
Treasury yield down to a six-month low overnight, with the
greenback's drop gaining steam on a flurry of stop-loss
selling.

The dollar fell across the board, hitting a record trough
against the Swiss franc and a three-year low versus the New
Zealand dollar, with traders citing talk of dollar selling by
model funds and U.S. banks, as well as Asian sovereign players.