Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 12:30 GMT.
Follow our live coverage of ECB's policy announcements and the market reaction.
ECB to plot next phase of pandemic bond-buying – Bloomberg.
"According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation," notes FXStreet Senior Analyst Dhwani Mehta.
European Central Bank Preview: Why June's decision presents a buy the dip opportunity.
"There are so many things to like about the eurozone's improving prospects – raising expectations that can only end in disappointment when the European Central Bank announces its rate decision on June 10," says FXStreet Analyst Yohay Elam. "However, any such dip will likely prove temporary due to several factors."
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
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