The ECB gathering will be the salient event in the old continent.Buyers seem to have returned to the shared currency and now liftEUR/USD advances for the second session in a row on Thursday against the backdrop of renewed and persistent selling pressure in the US dollar and declining US yields.
No news from the geopolitical front leaves the risk appetite trends somewhat muted following latest news that negotiations to find a diplomatic solution to the military conflict between Russia and Ukraine have apparently entered a dead-line, as per Russia’s V.Putin., the ECB event will take all the attention later in the session seconded by the usual press conference by Chair Lagarde.
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