EUR/USD steady ahead of ECB policy meeting

Markets across Asia Pacific began Thursday on a lacklustre note, with no uplift after a sluggish overnight session on Wall Street.

Hong Kong’s Hang Seng was down 0.9 per cent and Australia’s S&P/ASX 200 was up 0.1 per cent.

Japan’s Nikkei 225 was down 0.5 per cent. The Kospi was down 0.9 per cent. However Chinese markets staged a modest rally.The Shanghai Composite was up 0.2 per cent and the Shenzhen Composite was up 2 per cent.

Elsewhere in the region, Australia’s S&P/ASX 200 and Japan’s Nikkei 225 were flat.

USD/JPY was unmoved at 119.9, while AUD/USD was down 0.2 per cent to $0.7229.

EUR/USD did little in the Asian session, trading between 1.1330-51. EUR/JPY traded 135.83-136.05. Investors are waiting for the European Central Bank meeting later today. President Mario Draghi and ECB members are expected to leave the door open for more monetary stimulus but stop short of announcing any new policy measures.

The post EUR/USD steady ahead of ECB policy meeting appeared first on Forex Circles.

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