ECB meeting on the horizon
EUR/USD could experience further volatility on Thursday after the European Central Bank (ECB) holds its April policy meeting.
A few ECB members, such as the President of the Banque de France, François Villeroy de Galhau have mentioned April as a possible time for the ECB to implement a first interest-rate cut.
The majority of ECB members, however, think April is too early because the ECB will not yet have the latest wage data at hand, and wage inflation is seen as a critical input into their inflation models and decision-making process.
EUR/USD, however, could still be moved if the language in the accompanying statement suggests a higher probability of the ECB making an interest-rate cut in June
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