EUR/USD. September 11, 2020 – Euro demonstrates strengthening after ECB meeting
The EUR/USD currency pair demonstrates increased trading volatility after yesterday's meeting of the ECB. Yesterday, at the moment, the pair managed to renew the high of early September at 1.1915, falling almost immediately to 1.1800. The current quote for the euro is 1.1860.
At the end of the meeting, it was decided to keep the monetary policy unchanged, and the rate at zero. The head of the regulator Christine Lagarde also noted that the PEPP program, designed for the purchase of assets in the amount of 1.35 billion euros, will continue its work, but over time the regulator intends to switch to a flexible system of asset repurchase.
Today, you should pay attention to the data on inflation in the United States, which should rise from 1.0% to 1.1%. And in comparison with Europe, which has already faced deflation, statistics from the United States can give the dollar strength. Perhaps it is these data that will entail the long-awaited correction in the EUR/USD pair.
The EUR/USD currency pair demonstrates increased trading volatility after yesterday's meeting of the ECB. Yesterday, at the moment, the pair managed to renew the high of early September at 1.1915, falling almost immediately to 1.1800. The current quote for the euro is 1.1860.
At the end of the meeting, it was decided to keep the monetary policy unchanged, and the rate at zero. The head of the regulator Christine Lagarde also noted that the PEPP program, designed for the purchase of assets in the amount of 1.35 billion euros, will continue its work, but over time the regulator intends to switch to a flexible system of asset repurchase.
Today, you should pay attention to the data on inflation in the United States, which should rise from 1.0% to 1.1%. And in comparison with Europe, which has already faced deflation, statistics from the United States can give the dollar strength. Perhaps it is these data that will entail the long-awaited correction in the EUR/USD pair.