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fxJul 17, 2026, 2:41 PM

EUR/USD Modest Pullback Before ECB Decision

EUR/USD is trading slightly lower in quiet conditions as markets look ahead to next week's ECB meeting, with policymakers in a blackout period and implied volatility subdued, according to Scotiabank.

EURUSD

EUR/USD has edged lower in subdued trading as market participants await the European Central Bank's policy decision next week. Scotiabank strategists note that the ECB is currently in a blackout period, and implied volatility remains low.

No policy change is expected, aligning with the consensus view. The modest pullback reflects cautious positioning ahead of the event.

Source: FXStreet Forex News