EUR/USD moved from about 1.2750 to almost 1.2790 in early European forex trading.
Tomorrow the ECB is set to issue an interest-rate decision, and forex experts at Barclays Capital are quoted by MarketWatch saying that they are not expecting the result to be a surprise or a marked shift in sentiment toward the Eurozone countries.
“The overall impression that is likely to be given is that the [ECB] Governing Council remains worried about prospects for activity to a much greater extent than inflation, and while there may be some further measures to make the non-conventional operations more effective, it is highly unlikely to be a complete game-changer,” the forex strategists said.
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