EUR/USD Hovering Above Support as ECB Rate Decision Shifts into View 2021-01-21 07:30:00 Daniel Moss, Analyst
Euro, EUR/USD, European Central Bank, PEPP, Inflation – Talking Points:
Equity markets gained ground during APAC trade as investors continued to cheer the prospect of additional fiscal stimulus out of the US.
The European Central Bank’s upcoming interest rate decision will likely determine the short-term trajectory of the Euro.
EUR/USD poised to regain lost ground as price hovers above key support. Advertisement
Asia-Pacific Recap
Equity markets soared higher during Asia-Pacific trade as investors cheered the inauguration of President Joe Biden and the prospect of additional fiscal stimulus. Australia’s ASX 200 index rose 0.79% on the back of better-than-expected jobs data, while Japan’s Nikkei 225 climbed 0.82%. China’s CSI 300 surged 1.42%.