EUR/USD remains stuck and dips to 1.2150

London: EUR/USD remains stuck and unable to break away in either direction on Friday and stays confined to the weekly range between 1.2220 and 1.2150.

The pair barely reacted to the steady hand from the ECB at its meeting on Thursday. The central bank refrained from announcing any modification of the pace of bond purchases under the PEPP. However, it now sees inflation higher in 2021 and 2022, while it also expects the economy to expand at a higher rate in the next couple of years.

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