ECB Monetary Policy Meeting. Be ready!
The European Central Bank Monetary Policy Committee will meet today January 25th at 12:45 GMT.
After the last meeting in December where interest rates were held at 0%, the Euro fell 0.89% against the dollar before recovering by the end of the day.
At this month’s meeting, it is widely expected that interest rates will remain unchanged at 0%.
Traders are split on whether interest rates will be hiked this year, with some believing an increase might come in December.
A faster scaling down of bond purchases may encourage growth in the value of the Euro. Volatility in the Euro can be expected.
What’s next for EUR/USD?
Don’t miss out on this top trading opportunity!