Lagarde pushed the euro to the downside, while US debates underpinned the USD.
Tag - ecb
The US dollar waned amid the current risk-on sentiment, while the EUR surged after the ECB's report.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Watch this video to get fresh analysis of EUR/USD, GBP/USD, S&P 500 and gold!
The ECB statement and US unemployment claims will be out today. How the market will react?
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
Jump in to know the key market events and trading ideas for this week!
The main event of the day is the ECB’s monetary policy statement. Jump in to know how it will impact EUR/USD!
EUR/USD is trading below 1.1750. Any further downside pressure will push prices down to 1.1730 and even lower to 1.1700.