Single Currency Anxiously Waiting For ECB Rate Decision

Forex News

The Euro/Dollar pair dropped 0.05% to 1.1620. German Final Consumer Price Index fell to 0.1%. Today, the European Central Bank will announce its rate decision. Members are expected to keep the main refinancing rate at 0.00%. Investors will mainly look into economic projections. The US is about to feature CPI and unemployment claims. Tomorrow, we’ll get US release retail sales and UoM Consumer Sentiment.

Recently, German ZEW Economic Sentiment for September posted a mild loss, closing at -10.6 and marking 6th consecutive drop in half a year. The industrial production data turned disappointing as well. German Final Consumer Price Index fell from 0.3% to 0.1% in September.