The last GDP growth for the first quarter has been marginally higher than anticipated at 3.8percent compared with 3.5% reported a month. The core inflation index, however, was weaker than anticipated at 2.0percent to its first quarter in 2.0percent before. Pressure will be lessened by the inflation reading . The US data during the next 10 days will be critical for interest rate expectations and increase. There's still the probability of a challenging short-term Euro struggle near the 1.20 level against the dollar.

Analysis provided by http://www.fxtoday.co.uk