ECB turning investors nervous - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the greenback grinded higher in a very low volatility environment, as investors turned cautious ahead of the upcoming ECB economic policy meeting, and gave second thoughts to the recent rally in US stocks.

Key Quotes:

"The EUR/USD pair extended its weekly decline to 1.0981, pressured by the awful results of the ZEW confidence survey released this Tuesday. The macroeconomic calendar was quite scarce, adding to the lack of motivation among investors."

"As for the European Central Bank, there's a general sense that Draghi may hint more easing ahead, but little action is expected this month, as the ECB is still implementing the measures announced last March."