Euro futures hold near 1.1625 ahead of ECB meeting
Euro futures stay near 1.1625 ahead of the ECB meeting. Markets are pricing a 25 basis point rate hike, with focus on forward guidance if inflation remains elevated.
1625 ahead of this week's European Central Bank meeting. Markets are pricing in a 25 basis point rate hike from the ECB, but traders are focused on guidance on future policy if inflation stays elevated. S. CPI data ahead.
The latest Commitment of Traders data show speculators are covering net short positions, leaving their smallest short exposure since mid-July.