Euro dips ahead of ECB meeting

AFP, TOKYO: The euro dipped in Asia yesterday ahead of a closely watched European Central Bank policy meeting later in the day that comes as its officials are engaged in a public spat with the eurozone's biggest economy Germany.
While it is not expected to add to last month's monetary easing measures, traders will focus on a news conference by bank chief Mario Draghi hoping he will give some forward guidance on policy.
"The ECB is very unlikely to announce any policy changes after cutting interest rates and expanding its QE programme
last month," Capital Economics said in a statement, referring to quantitative easing, or its massive asset-purchase scheme.

Euro dips ahead of ECB meeting

AFP, TOKYO: The euro dipped in Asia yesterday ahead of a closely watched European Central Bank policy meeting later in the day that comes as its officials are engaged in a public spat with the eurozones biggest economy Germany. While it is not expected to add to last months monetary easing measures, traders will focus on a news conference by bank chief Mario Draghi hoping he will give some forward guidance on policy. The ECB is very unlikely to announce any policy changes after cutting interest rates and expanding its QE programme last month, Capital Economics said in a statement, referring to quantitative easing, or its massive asset-purchase scheme.