Summary
The European Central Bank is unlikely to change its policy. Nevertheless, this is an important meeting as new forecasts are released and as inflation lifts its head. Mario Draghi will have to play a fine balancing act between acknowledging the improving reality and expressing a need and desire for more stimulus. His magic could work once again to push the euro lower, but bigger events could brush his words aside. There are other scenarios as well for EUR/USD.
Watch full analysis: Europe Market Open: Dollar dominates - but are markets getting ahead of themselves?
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