As market participants primarily price in the anticipated easing measures from the European Central Bank (ECB), the euro faces continued pressure against a resilient dollar.
Market attention is focused on Christine Lagarde's upcoming speech, with traders scrutinizing hints regarding the ECB's next steps amid slowing eurozone economies and rising deficits.
There is a growing expectation that the ECB will adopt a less restrictive monetary policy, influencing the future movements of the euro-dollar pair.
Treasury yields are rising across various maturities as traders anticipate the ECB’s decision, suggesting potential market volatility in the euro-dollar pair after Lagarde’s comments.
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