The European Central Bank (ECB) is anticipated to reduce key interest rates by 25 basis points at its upcoming policy meeting. Market participants will closely scrutinize the ECB’s official statement and President Christine Lagarde’s subsequent remarks for indications of future monetary policy direction. The EUR/USD exchange rate is expected to exhibit heightened volatility following the ECB’s policy announcements. The ECB’s interest rate decision is scheduled for release at 12:15 GMT, followed by President Lagarde’s press conference at 12:45 GMT, where she will present the ECB’s monetary policy assessment and address media inquiries. The Euro is positioned for a significant response against the US Dollar in reaction to these ECB developments.
