Analysts at Nomura explained that the global focus is the ECB policy decision.
"Interest rates are firmly on hold, as is the asset purchase (money-printing) program, running at EUR30bn per month until at least end-September."
"But there is always interest in President Draghi’s press conference. ECB commentary in recent weeks has recognized the cooler Eurozone activity data, without changing the broadly upbeat outlook."
"But core Eurozone inflation has printed at 1.0%yr for the past 3 months, with Draghi et al at the previous meeting rebuffing a hawkish push to confirm an end to asset purchases in Sep. Newswire source stories strongly suggest no decision on this topic at today’s meeting and indeed probably not on 14 June either."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.