FED Outlook Sinks USD – BOE & ECB to come – EURUSD extended to a six-session high of 1.1844 in early Asia dealings before settling around 1.1825. Focus now squares on the ECB’s policy announcement today, which will be accompanied by updated economic projections. Even if the central bank’s president, Draghi, refrains from committing to an end date for the QE program, growth and inflation projections are likely to be upwardly revised, which could provide some added fodder to EURUSD bulls.
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