EUR/USD extends post-ECB gains towards 1.1500 ahead of US NFP By anilpanchal7 EURUSD NFP RiskAppetite ECB YieldCurve
rency pair refreshes a three-week high to 1.1470, up 0.35% intraday, while heading into the European session.
On Thursday, the European Central Bank matched wide market forecasts to keep the monetary policy unchanged. However, President Christine Lagarde’s refrain to rule out the rate hike in 2022 worked as quite a hawkish shift from her December statement. On the same line was the comment stating, “Compared with our expectations in December, risks to the inflation outlook are tilted to the upside, particularly in the near term.
It should be noted that the strongest bullish bias of the options market, as per the one-month risk reversal on EUR/USD, is a measure of the spread between the call and put prices, since May 2020 also keeps the pair buyers hopeful.
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