Bank President: Policy and America Merrill

bank president: That could serve to keep pressure on the euro EURUSD, 0.5143% analysts said, according to Market Watch. The shared currency was off 0.2% on Wednesday to trade near 1.1228 and remains off more than 2% so far in 2019 versus the dollar. After hints of a potential rate cut by Federal Reserve Chairman Jerome Powell and indications that easier policy may be in the offing by Australia's top monetary policy maker earlier this week, the European Central Bank president is also widely expected to maintain a dovish stance in his postmeeting news conference on Thursday. Markets seem to already expect a dovish ECB meeting based on our recent discussions with investors, although more in terms of the tone than policy action, wrote currency analysts at Bank of America Merrill Lynch in a Wednesday note. Here's a look at what economists and investors will be watching for when the ECB concludes the two-day meeting taking place in the Lithuanian capital of Vilnius one of two meetings the central bank holds outside its Frankfurt headquarters each year. We think Draghi should feel comfortable with the weak EUR level, but his dovish tone and threats for more policy loosening measures, if necessary, could still be negative for the EUR. The ECB has pledged to leave interest rates at present levels at least through the end of 2019. (news.financializer.com). As reported in the news.