Mumbai, June 5 -- The euro is holding just below one-month high against the dollar on Thursday morning in Asia with much anticipation of a rate cut in today's ECB rate decision after Eurozone inflation in May fell below the ECB target of 2% for the first time since September last year. Flash data from Eurostat showed that inflation eased to 1.9% in May while core inflation that strips out prices of energy, food, alcohol and tobacco, also slowed to 2.3% from 2.7%. EURUSD pair currently holds steady above $1.1400 but stays pressured amid dollar recovery overseas following a sharp slide in the previous session amid weak US data. Markets now await Thursday's US weekly jobless claims and Friday's closely watched nonfarm payrolls report. Beside...
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