The European Central Bank is ready to continue easing monetary policy this year, but it is important to find a balance in order to avoid recession and not to drag down inflation, ECB Chief Economist Philip Lane said. The ECB cut interest rates four times last year and markets expect a similar number of moves this year, mostly in the first half of the year.

Information Backdrop

This information backdrop, combined with a strong US dollar, is putting pressure on EUR/USD, which is already updating earlier lows. Provided there is no new data contradicting the current situation, we may soon see the psychologically significant 1.0000 mark being reached.