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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - Aujourd'hui 13:28

ECB interest rate decision ahead, US Q4 GDP

EURUSD trades cautiously around 1.0420 in Thursday’s European session as investors focus on the European Central Bank’s monetary policy decision later in the day, following the Fed’s decision on Wednesday to keep interest rates unchanged. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 basis points to 2.75%, with the Main Refinancing Operations Rate sliding to 2.9%, and leave the door open for further policy easing. Traders have already priced in four successive quarter point interest rate cuts this year which would push the key Deposit Facility Rate to 2%. A string of ECB officials has

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