EUR/USD holds ahead of ECB decision as oil nears $100
Ahead of the ECB rate decision, Europe’s energy shock and oil near $100 are expected to factor into tighter policy messaging. Strong US payrolls are cited as reviving Fed expectations.
Europe’s energy shock is pointing to tighter policy on Thursday, while strong US payrolls have also revived expectations for the Fed. The euro is holding ahead of Thursday’s decision, with oil complicating the ECB’s message and CPI set to determine the dollar’s response.