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EUR/USD Bounces off Support Ahead of the ECB Decision. What Can Traders Expect?
The European Central Bank will announce its April monetary policy decision tomorrow. No interest rate adjustment or new macroeconomic projections are expected at this meeting, but that does not mean that the event will be a snoozer; on the contrary, the gathering may be a source of strong volatility, particularly for the euro. Traders should closely follow the policymakers' assessment of the economic outlook, as well as their guidance regarding future actions, including any comments on asset purchases in light of rapidly changing market conditions. After struggling to push inflation toward its 2% target for many ... (full story)
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