In Asian trading, the Euro declined against the US Dollar, trading below the 1.1400 mark.
The EUR/USD fell in the Asian session as the dollar rose against most of its rivals and following ECB policymaker Olli Rehn’s remarks that inflation pressures in the EU are easing. In Europe, German GDP for Q1 (0.2% expected) will be released (09:00 GMT+1) and German CPI for April (2.0% exp) will be released (13:00 GMT+1). In the US, ADP Nonfarm Employment Change for April (123k exp) will be released (13:15 GMT+1), GDP for Q1 (0.4% exp) will be posted (13:30 GMT+1) and Core PCE Price Index for March (2.6% exp) will be posted (15:00 GMT+1).