Wait-and-see ahead of the ECB: "The euro continues to be well supported ahead of tomorrow's ECB meeting and EUR/USD is once again above 1.38. In particular, ECB vice president Constancio’s relatively hawkish comments yesterday where he said that the ECB expects ‘the low figure of inflation in March will be corrected to a high figure already in April’ supported the euro. All in all, the low euro-zone inflation earlier this week has not been enough to weaken the euro and the question remains if the ECB will be able to change the sentiment tomorrow. "
'via Blog this'
