Euro Pressured Ahead of ECB Meeting

The weakening euro continues to the second straight session against the U.S. dollar ahead of the European Central Bank policy meeting on Thursday. Although analysts predict the ECB will keep interest rates unchanged, some investors and economists are still unsure if the rate cut is still possible this year.

Market participants are also wary of the press conference after the ECB President Mario Draghi policy announcement, which could potentially affect sentiment Euro.