European Session – Dollar falls below 111 yen, loonie hurt by weak Canadian GDP
Posted on May 31, 2016 at 2:58 pm GMTIt was a data packed day, with Eurozone inflation numbers being the main market focus during the European session. The flash inflation estimate for May showed that consumer prices fell for a second consecutive month in the Eurozone and CPI remained negative. Prices fell 0.1% on a yearly basis in May but matched forecasts and was less than the 0.2% year-on-year drop in April. The euro was only briefly pressured after the CPI data and soon resumed its advance from [..]