How ECB decision will influence the euro?

FreshForex

Dear clients,

On Thursday, July 16 the ECB Interest Rate Decision is to be released. The main Bank's goal is to support the national currency and stimulate economic growth. This event impacts on the global financial markets and makes fluctuate the volatility strongly.

Check out the trading forecast of FreshForex analyst:

The ECB will notice the recovery of the European economy after the peak of the COVID-19 pandemic. The monetary regulator can increase the forecast for inflation and GDP for 2021. This is good news for the euro. On Thursday consider EURUSD, EURGBP, EURJPY.

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