EUR/USD Holds Steady Above 1.14 Ahead of ECB Decision Amid Mixed Economic Data

EUR/USD Consolidates Ahead of ECB Announcement

Mixed Economic Signals

The euro showed little change on Thursday, trading within a tight range just above the 1.14 level. Released data presented a mixed picture – with the Eurozone PPI slightly weaker than expected, while German factory orders came in stronger than anticipated.

Market Eyes ECB Decision

All focus is on the European Central Bank (ECB) and the upcoming policy projections. A 25 basis points rate cut is widely expected and priced in by the market.

However, investors are closely watching for hints that this rate cut might mark the end of the current easing cycle. If ECB signals align with the recent stance of the Bank of Canada (BoC), the euro could see significant strength.

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