EUR/USD Post-ECB Rally Eyes January High with US NFP Report on Tap
UR/USD extends the advance from the January low (1.1121) as the ECB plans to conclude the Pandemic Emergency Purchase Programme (PEPP) at the end of March, and it seems as though the central bank will switch gears later this year as “inflation is likely to remain elevated for longer than previously expected.” The hawkish tone suggests the ECB will lift the benchmark interest rate off of the record low in 2022 as the central bank pledges to “adjust all of our instruments, as appropriate, to ensure that inflation stabilises at its two per cent target over the medium term,” and the Governing Council may layout