The European Central Bank (ECB) is widely expected to keep the key interest rates on hold for the fourth policy meeting in a row, in a decision that will be published on Thursday at 13:15 GMT.
The European Central Bank is set to hold interest rates for the fourth meeting in a row. ECB President Christine Lagarde could dismiss early rate cut expectations once again. The Euro’s reaction is likely to depend on the ECB’s updated forecasts and Lagarde’s speech. The European Central Bank is widely expected to keep the key interest rates on hold for the fourth policy meeting in a row, in a decision that will be published on Thursday at 13:15 GMT.
Her comments will hold the key for determining the timing and scope of future interest rate cuts, significantly impacting the value of the main currency pair. Dhwani Mehta, FXStreet’s Senior Analyst, offers a brief technical outlook for trading the Euro on the ECB policy announcements: “The EUR/USD pair broke through the critical 50-day Simple Moving Average at 1.0857 on Wednesday, opening the door for further upside.
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