ECB publishes its March economic bulletin
- Data points to sizable moderation in growth momentum
- Underlying inflation in the Eurozone continues to be muted
Nothing new on offer here, basically similar to the statement of the March monetary policy meeting and Draghi's press conference that day as well. EUR/USD sits near the 1.1400 handle now after hitting a low of 1.1393 earlier. As mentioned, large expiries are sitting between 1.1400-30 so the figure level should help provide some support for the pair ahead of North American trading today.
