European Session – Dollar gains despite misses in US GDP and consumer sentiment data
Posted on May 27, 2016 at 3:05 pm GMTMost major currency pairs were directionless during the European Session in the absence of key data releases out of Europe, while traders were re-positioning ahead of the long weekend in the UK and US. Markets in London and New York will both be closed on Monday due to a public holiday. The US dollar was firmer today and gained momentum despite misses on some key US data but US economic growth was revised upward and this helped support the greenback. [..]