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EUR holds near highs ahead of ECB decision – OCBC

Euro (EUR) consolidated near recent highs. Focus today on European Central Bank (ECB) decision. Policy rate is widely anticipated to be on hold but attention is on staff projection. Recent comments from ECB officials were somewhat more upbeat about economy – from growth to labor market.
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EUR: ECB meeting takes center stage for FX – ING

Markets are focused on whether the European Central Bank’s (ECB) recent hawkish shift is confirmed by updated forecasts and rhetoric, with inflation projections the main risk and scope for a short-term dip in EUR/USD despite supportive year-end option dynamics, ING's FX analyst Chris Turner notes.
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