EU ideaEuro vs. US DollarFX:EURUSDEZIO-FXCommerzbank’s Dr. Ralph Solveen notes that Eurozone inflation fell to 2.8% in June, mainly on lower energy prices, while core inflation eased to 2.4%. The bank expects overall inflation to stay close to 3% in coming months. With firms likely to pass on still-elevated energy costs, Commerzbank anticipates another ECB rate hike in September. Inflation easing but still elevated "In the coming months, the inflation rate is likely to remain close to 3%, to which the ECB would probably respond with another interest rate hike at its September meeting."