Ella 
EUR/USD retreated from 1.0880 on Monday as comments from Federal Reserve officials dampened otherwise calm market flows. Broader markets are eagerly anticipating signs of a rate cut from the Federal Reserve, but central bank policymakers continue to push expectations lower, with an uncertain outlook for inflation hampering the Fed’s choices on where interest rates should go.
On Tuesday, Federal Reserve officials will deliver a series of speeches, while European traders will look forward to a speech from European Central Bank President Christine Lagarde. European Purchasing Managers Index (PMI) data will be released later this week, and U.S. existing home sales, PMI and durable goods orders will all be released in the second half of the week.
On Monday, market expectations for an interest rate cut from the European Central Bank were high after ECB official Martins Kazaks announced that June would be a good time to start cutting interest rates. The euro weakened against stronger currencies as investors saw a growing likelihood of a wider spread between the euro and the dollar.
