Flash: Expectations for an ECB dovish outcome persist - OCBC

FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, there is still some significant risks of a dovish outcome on today's ECB meeting.

Key Quotes

"Despite supportive Feb PMI readings, the EUR flat lined against the USD on Wed ahead of the ECB meeting on Thu. Background expectations for a dovish outcome remain in circulation, with the IMF also egging the ECB to further ease its monetary posture. Expect a 1.3700-1.3800 holding pattern to persist in the interim."