Euro holds against dollar for the first session of 4

Euro fluctuated higher in a tight range during the Asian session, rebounding for the second session from its lowest since May 23th against the US dollar. Amid a lack of economic data by the Euro-zone economies this week and on the threshold of developments and economic data expected today by the US economy, the world's largest economy.

As of 05:11 GMT, EUR/USD rose 0.05%, trading at $1.1137, from the opening price of $1.1131 which is the lowest during the session, and the highest at $1.1143.

Investors are currently awaiting the US economy to release the second GDP reading, which may show an expansion of 3.1% in the first quarter compared to the previous preliminary reading of a 3.2% growth, while the second reading of the GDP Price Index may show stabilization of growth at 0.9%, unchanged from the previous preliminary reading.

This comes in conjunction with the release of Jobless Claims index reading for the week ending on May 25th, which may show a rise of 5K to 216K versus 211K in the previous week's reading. And the Trade Balance Index for goods reading, which may show a widening deficit to $72.0 billion compared to $71.4 billion in March.

As well as the preliminary reading of the Wholesale Inventories Index, which may show a 0.2% rise from a 0.1% decline in March. To the release of housing market data, with the release of Existing Home Sales Index, which may show a slowdown in growth to 0.9% from 3.8% in March. This comes before the speech of Vice Chair of the Federal Reserve, and Federal Open Market Committee member, Richard Clarida, at the New York Economic Club.