All Things Forex Trading Room: Will the ECB Monetary Policy Weaken the EUR?

In the trading room today: Will the ECB Monetary Policy Weaken the EUR? With the ECB press conference underway following the central bank’s monetary policy meeting, we examine the prospects of additional measures to boost liquidity in the euro-area with another round of LTRO and explore its implications for the current EUR rally, we analyze the latest trend developments in the EUR/USD currency pair, we continue to monitor the breakout in the GBP/USD pair, we note the decline in the USD/JPY pair, we highlight the market’s reaction to the European Central Bank interest rate announcement and the U.S. ADP Employment Report, we discuss new forecasts from Credit Agricole and Barclays, and prepare for the trading session ahead.

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