ECB set to wrap up the central bank bonanza this month ...Middle East

And that should pretty much sum up how things will play out for the ECB today.

If the ECB does its job well, then the euro shouldn't see too much impact from the key risk event today.

Traders have priced in ~96% odds of a 25 bps rate cut today and ~46 bps of rate cuts in total for the January and March decisions. That's pretty close to saying that it's more or less fully priced in.

This article was written by Justin Low at www.forexlive.com.

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