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?

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