Fitch Ratings said in its latest report, “falling Eurozone inflation puts ECB rates peak within sight.”

Additional takeaways

“Expect inflation in the Eurozone will fall to around 4.0% by year-end.”

“ECB will probably not need to raise its near-term inflation forecasts further in September.”

Market reaction

EUR/USD remains unfazed by the above report findings, keeping its range at around 1.0950 ahead of the US Nonfarm Payrolls data release.