No surprises from the ECB.
Draghi sends EUR/USD down on weaker outlook
EUR/USD unchanged
The European Central Bank was expected to leave the main lending rate at 0.05% and the deposit rate at -0.20%. It had already stated in the past that rates have “reached their lower boundâ€.
The focus remains on the QE program: will the ECB enlarge the program? Extend it? Or hint about it? These are questions we will get answers to at the press conference held by Mario Draghi at 12:30 GMT. Join us for a live coverage here.
EUR/USD traded around 1.1225 towards the rate decision, in the lower area of the last few days’ range.
Some kind of hint is already priced in. It will still cause volatility but the focus will shift to tomorrow’s big event: the NFP.
However, there are more options. ECB Preivew: Draghi to join currency wars? 4 scenarios
