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Single Currency Softer, With Bunds Seeing Minor Support Post-ECB

EUR
  • The single currency slipped slightly lower following the ECB decision, with the ECB sticking to the script and plan laid out in the December policy decision. EUR/USD slipped to fresh session lows of 1.1268 before stabilizing, while Bund futures added around 20 ticks before quickly paring the move.
  • Focus turns to the ECB press conference at 1330GMT, with markets watching for any communications on policy trajectory this year, after markets began pricing in higher rates by year-end.
  • ECB policy statement found here.

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