EUR/USD regains 1.0600 and beyond ahead of ECB – by pabspiovano EURUSD Currencies Majors ECB
The ECB is expected to hike rates by 50 bps later on Thursday.The single currency gives some signs of life and motivatesEUR/USD regains some upside traction and trims part of Wednesday’s sharp decline to fresh monthly lows near 1.0510 amidst alleviated risk aversion and fresh selling pressure around the greenback.
In the domestic calendar, final inflation figures in Italy showed the headline CPI rose 9.1% in the year to February. In the US, usual weekly Claims are due seconded by the Philly Fed Manufacturing Index.EUR/USD manages to leave behind some of the recent weakness and retakes the 1.0600 hurdle and above in pre-ECB trading on Thursday.
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