EUR/USD has opened marginally firmer, presently at 1.4545 compared to a North American close Wednesday down around 1.4510.
The move comes with general risk sentiment having been bolstered by the release of a stronger than expected Australian jobs report.
Elsewhere Fed’s Dudley made some dovish monetary policy comments, opining that we need to see the U.S. economy strong enough to bring employment down before raising rates.
Euro zone data for today:
07:00 GMT: German CPI for December (final) expected +0.7% m/m, +0.8% y/y, EU harmonised +0.9% m/m, +0.8% y/y
10:00 GMT: Euro zone industrial production for November expected +0.5% m/m, wda -8.4% y/y
12:45 GMT: ECB rate decision
13:30 GMT: ECB President Trichet gives press conference
Fully expect ECB to sit on their hands today, leaving monetary policy totally unchanged.
European stockmarkets expected to open firmer this morning.
Talk of sell orders up at 1.4550 through 1.4580. Probably good-sized stops not far above 1.4600, but will have to get that confirmed.