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After Initial Volatility, EUR Ebbs Lower, Bunds Supported

ECB
  • After an initial bout of volatility across both currency and fixed income markets, EUR/USD settling around 5 pips lower relative to pre-ECB levels, with Bund futures closer to the highs of the day, at 171.85 last.
  • Markets focusing on the 'moderately' lower pace of net asset purchases as part of their PEPP programme relative to the two previous quarters.
  • Focus turns to the ECB press conference in just over 30 minutes' time, with accompanying summary of economic projections.
  • Live stream of the press conference including low latency audio will appear here: https://www.ecb.europa.eu/services/media/html/player.en.html?youtubeID=V_GnH_gGksQ

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