Euro Trades Under Pressure Ahead of the Upcoming ECB Meeting This Week - Forex News by FX Leaders
EUR/USD

Euro Trades Under Pressure Ahead of the Upcoming ECB Meeting This Week

Posted Tuesday, September 10, 2019 by
Arslan Butt • 1 min read

The Euro continues to trade weaker against the US dollar into Tuesday as concerns of weakening in the German and Eurozone economy weigh on the currency. At the time of writing, EUR/USD is trading at around 1.104.

On Monday, the Euro rose slightly over reports that Germany was considering stimulus measures to support its economy by taking on new desbt. However, the hopes of ECB cutting rates or easing its monetary policy at its upcoming meeting this week is exerting downward pressure on the single currency.

On Thursday, the ECB is expected to roll out additional monetary stimulus measures to prop up the weakening Eurozone economy. However, if the ECB comes out sounding less dovish that markets expect, the Euro could get a boost and make some gains following the meeting.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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