ECB Optimistic But Cautious

The euro rose to a day’s high on Thursday shortly after the European Central Bank (ECB) released minutes of its January meeting.The currency hit $1.23085 at around 12:30 p.m. London time (7:30 a.m. ET) but it eased some of that strength a few minutes later.ECB minutes showed that inflation, the most important economic indicator at the central bank, is set to finally rise. As a result, some market participants briefly interpreted that as an indicator that monetary stimulus will come to an end earlier than previously thought.

Source: European Central Bank leaves policy on hold, inflation set to rise – CNBC

Futures Flat After Hawkish Fed Minutes

Dollar maintains its firmer tone

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.