ECB rate decision offers little input to EUR/USD
The European Central Bank delivered a rate decision described as a 25-basis-point hike as expected. J.P. Morgan Private Bank’s Patrick Ernst said the decision offered little to EUR/USD beyond what markets had already anticipated.
The European Central Bank's rate decision — a 25-basis-point hike as expected — offered little to EUR/USD that markets had not already anticipated, J.P. Morgan Private Bank's Patrick Ernst said. The dollar is likely to remain in the driving seat from here, the macro investment strategist said.