The euro is still confined in a tight trading range because traders are awaiting the ECB rate decision and statement on Thursday.
The euro has been quietly climbing higher after the euro Consumer Confidence reaches its highest in over a decade. The US government shutdown drama was over for now without any big surprise. The euro buyers stealthily pushed the euro slightly higher against the greenback ahead of the ECB’s meeting this Thursday. However, the bulls are not ready for a major commitment in case of a strong dovish statement coming out of the ECB meeting.
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