4 Dec 2014
USD majors quiet ahead of ECB meeting – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that volatility in other USD majors is subdued ahead of the ECB rate decision later today.
Key Quotes
“Volatility in other USD majors is subdued ahead of the ECB rate decision later today. Market generally expects ECB to hold off on expanded QE. ECB chief Draghi is however likely to convey a more dovish tone at the press conference amid lower inflation expectations, and also reiterate that the central bank is prepared for unconventional measures.”
Key Quotes
“Volatility in other USD majors is subdued ahead of the ECB rate decision later today. Market generally expects ECB to hold off on expanded QE. ECB chief Draghi is however likely to convey a more dovish tone at the press conference amid lower inflation expectations, and also reiterate that the central bank is prepared for unconventional measures.”