Flash: ECB to take note of this coming Friday - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the key release for the ECB to take note of this week.

Key Quotes:

"A strong IFO (business confidence) and uptick in January inflation initially supported EUR, but gains evaporated into the NA open after the ECB’s Visco reminded markets of the threat of negative interest rates driving EUR back down. The key for EUR this week will be the release of the February flash CPI estimate on Friday which will flow directly into the ECB’s March 6th decision."