The US Dollar extended its profit-taking slide for the second consecutive session on Thursday and helped the EUR/USD pair to snap four consecutive days of losing streak. The pair built on its recovery move from multi-month lows and surged through the 1.1900 handle, back closer to weekly tops, after the latest US consumer inflation figures came in weaker-than-expected. The headline CPI grew 0.2% m-o-m in April and core inflation, which excludes volatile food and energy prices, came in to show a rise of 0.1%. Softer data dampened prospects for a steeper Fed monetary policy tightening cycle, evident from a sharp ... (full story)