Ella 
Although the European Central Bank has turned dovish and Federal Reserve officials have released multiple signals, the euro/dollar still fell slightly and is in the process of finding a bottom.
European Central Bank officials signaled a possible interest rate cut in June, adding a dovish tone to the policy outlook while discussing wage inflation.
The Fed’s divided stance on rate cuts will take center stage as markets await core PCE price index and gross domestic product data.
EUR/USD pared some of its earlier losses but remained bearish, with EUR/USD trading at 1.0227, down 0.03%. The recent dovish comments from the European Central Bank run counter to divisions among policymakers at the Federal Reserve, who are still looking for signs of deflationary progress.
