Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank's monetary policy decision in a press conference at 12:30 GMT.
When is the ECB interest rate decision and how could it affect EUR/USD?
The ECB Governing Council is widely expected to keep the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at zero, 0.25 and -0.40 percent respectively.
ECB Meeting Preview: 8 Major Banks expectations from June meet.
Most of the researchers and economists expect the ECB to announce another recalibration of QE this week, but at the same time suggest that it looks very unlikely that the ECB will announce an end date for QE any time soon.
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
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