Euro Price Outlook: How Will the ECB Decision Impact EUR/USD?
2021-07-21 22:00:00
Rich Dvorak,
Analyst
EUR/USD PRICE OUTLOOK: EURO AWAITS ECB DECISION FOLLOWING STRATEGY REVIEW
EUR/USD edged higher during Wednesday’s session ahead of the ECB rate decision
Euro price action could grow more turbulent judging by EUR/USDimplied volatility
The European Central Bank is due to provide fresh guidance on its strategy review
EUR/USD price action was propelled higher on Wednesday. The major currency pair likely benefited from broad US Dollar weakness thanks to fading covid concerns and improving market sentiment. EUR/JPY gained ground as well, but the Euro turned lower against most other FX peers with traders focused on event risk posed by the European Central Bank meeting this week.