ECB to continue presenting a relatively hawkish message, helping to support the EUR – MUFG

The Euro (EUR) has been the third best performing G10 currency so far this year. Economists at MUFG Bank analyze the shared currency’s outlook ahead of the ECB meeting.

ECB policy meeting is key risk event in week ahead  

We expect the ECB to continue presenting a relatively hawkish message at this week’s policy meeting which has been helping to support the Euro at the start of this year.

The Eurozone rate market has already taken out around 40 bps of expected cuts by the end of this year.