Dollar Weakness Prompts EUR/USD Retest

EUR/USD retests key zone amid US dollar weakness The US dollar has been supported by a hawkish Fed dot plot, with 32 bps of tightening priced in by year-end. The market is pricing in a 29% chance of a hike in July and 60% probability of a move in September.

EUR/USD retests key zone amid US dollar weakness

The US dollar has been supported by a hawkish Fed dot plot, with 32 bps of tightening priced in by year-end.

The market is pricing in a 29% chance of a hike in July and 60% probability of a move in September.

The Eurozone Flash PMIs showed the rate of inflation easing to the slowest pace since February, with the market pricing in 28 bps of tightening by year-end.

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