EUR/USD shows relief at 1.1760

After dropping to more than 9-year lows near 1.1720, EUR/USD seems to have found some buying orders and is now back to the 1.1760 area...
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Disinflation concerns suggest Fed’s rate hike cycle might be delayed – Rabobank

Jane Foley, Senior Currency Strategist at Rabobank, shares that US money market has started to adjust to the prospect that disinflation could delay the start of the Federal Reserve’s rate hike cycle, and further adds that Fed is unlikely to hike rates until the end of 2015.
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