EUR/USD: sideways ahead of news The focus today is clearly on the - TopicsExpress

EUR/USD: sideways ahead of news The focus today is clearly on the ECB’s meeting (11:45 GMT) and press conference (12:30 GMT). The central bank is widely expected to reaffirm it will keep interest rates low to support the euro zone’s fragile recovery. Also pay attention to the rising political tensions in Italy where allies of Silvio Berlusconi are threatening to bring down the government if the Senate votes to expel him following a tax fraud conviction. According to the latest poll by Reuters, 39 of 54 forecasters expect move downside in EUR/USD in the near term. fxbazooka/en/news/show/447

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