European Commission unlikely to take further steps on Italy over debt next week - Reuters

Citing EU officials with direct knowledge of the matter, Reuters reported that the European Commission was unlikely to take further steps in the disciplinary procedure on Italy over its debt next week. Officials further added that the EU was more likely to act in the first week of July.

The EUR/USD pair didn't pay much attention to these headlines and was last seen trading in the upper half of its daily range near 1.1210.