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.