EUR/USD will trade in a tight range in Asia ahead of the ECB policy meeting 0045
GMT. CBA expects the ECB to leave rates on hold, but expect the central bank to
reiterate its open-ended easing bias and emphasize again the need for an
extended period of monetary accommodation. The ECB should also deliver an
insight into its monetary policy review. CBA adds it is believed the ECB will
likely divide its remit, including monetary policy, into two areas. Separating
price stability inflation targeting from other areas such as climate change and
financial stability.
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