Tomorrow’s ECB meeting is expected to be something of a challenge for the members of the monetary policy committee. There is quite a bit of market expectation on what they will say. So, we could have some extra volatility in the euro depending on the results. A majority of retail traders are positioned for the euro to go down in the medium term. And generally, this is an indication that we can expect a stronger euro. The shared currency could get a push in that direction after the meeting, and in particular during President Lagarde’s press conference. Headline expectations and what’s at stake As for the … (full story)
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