EUR/USD Price Forecast: Weakens to near 1.1400 as ECB hike bets recede, bearish vibe prevails

Source Summary

The EUR/USD pair trades on a negative note near 1.1410 during the early European trading hours on Wednesday. Cooling inflation in Germany has lowered expectations for the European Central Bank (ECB) rate hikes, weighing on the Euro (EUR) against the US Dollar (USD).