The euro was stable against the dollar at $1.182 after the data. Traders in swaps markets continued to price a slim chance of a further ECB rate cut later this year, ascribing a roughly 20 per cent probability to another quarter-point reduction in the benchmark rate by September.“Calls for a resumption in monetary easing are likely to amplify over the coming months if this trend continues,” said Diego Iscaro, an economist at S&P Global Market Intelligence.