Monex Europe analysts say EUR would likely fall further if Wednesday's eurozone
inflation print undershoots estimates and ECB president LAGARDE tempers odds of
more hikes. Recent weak data from Germany, France and Italy increase the
probability of a softer CPI print, which would reinforce the view the ECB will
pause after last month's rate increase. LAGARDE's remarks at the ECB forum in
Portugal on Wednesday could cement that outlook.
