Euro boosted by ECB expectations

Euro rose against a basket of major rivals on prospects of multiple European rate hikes this year. 

Official data showed euro zone industrial production rose by 0.4% last month, while analysts expected a 0.5% rise. 

Euro zone trade deficit rose to 31.7 billion euros, while analysts expected a deficit of 14.5 billion shares.

French consumer prices rose 0.7% in May, passing estimates of 0.6%. 

The ECB clearly paved the ay for a rate hike at the July meeting, and an end to the easy monetary policy. 

As for the Fed, the ECB is expected to hike rates by 0.5% at least this week to counter inflation, ahead of Fed Chair Jerome Powell's statements on the future of policies. 

EUR/USD rose 0.6% to 1.0483, as of 11:30 GMT.