EUR/USD continued to strengthen after the release of robust German and Eurozone PMI reports.
The European Central Bank is releasing its interest rate decision today and markets anticipate the central bank to remain on hold.
EUR/USD currency pair remained strong despite the softer than expected German inflation data. The inflation data has been released by the Federal Statistical Office of Germany. The release is important as it will provide fresh insights on the Eurozone economy and affect the ECB’s policy. German inflation report Inflation in Germany, as measured by the…
Today the ECB will decide about its future monetary policy. The Euro (EUR) has managed to rise against the US dollar (USD) on Thursday.
The European Central Bank (ECB) is expected to raise key rates by 25 basis points which could provide support for the euro.