The euro is strong against the dollar this morning ahead of the European Central Bank’s latest monetary policy meeting, which will take place later today.
The bank is expected to maintain its current policy and keep interest rates on hold. However, any comments from the central bank about the economic outlook or suggestions of tapering bond purchases could have an impact on the euro. Despite this, it’s likely that officials will still be acutely aware that ongoing lockdowns are hampering economic recovery in the Eurozone.
The meeting will be followed by consumer confidence figures for April, which are expected to stay the same as March.
