Euro fell in European trade on Thursday against a basket of major rivals, moving in a negative zone against the dollar on profit-taking away from three-year highs.

Now global markets await a crucial policy meeting by the European Central Bank today, expected to cut interest rates for the sixth meeting in a row.

The Price

The EUR/USD fell 0.4% today to $1.1355, with a session-high at $1.1409.

The paire closed up 1.1% on Wednesday, resuming gains and approaching three-year highs at $1.1474.

ECB

The European Central Bank is wrapping up its third policy meeting this year later today, widely expected to cut rates and provide fresh clues on the path ahead for monetary policies this year.

It would be the sixth such cut to eurozone borrowing costs to 2.4%, the lowest since October 2022.

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