Euro Breaks Down on Dovish ECB

Special report: ECB Preview – Which Way Will The Wind Blow?

The market is standing by for the upcoming European Central Bank decision, likely to inspire a good deal of volatility given the diverging views. The broad consensus is that the ECB will go ahead and extend its QE program beyond March 2017, with inflation still subdued and little progress made on that front.

Next 24 hours: Euro Breaks Down on Dovish ECB

The ECB decision promised volatility and didn’t let the market down, with the Euro initially surging on a hawkish misread, but then quickly retreating sharply as the reality of an ultra dovish decision sunk in. Overall, the US Dollar regained momentum on Thursday, with the market once again focusing on the yield differential theme.

Global FX Insights Next 24 hours   LMAX Exchange  

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