Euro is close to the minimum of three months expexting the ECB meeting on Thursday and after completion of the final debate in the run-up to the November elections in the US.The euro weakened by 0.1 percent to $ 1.0969, not very far from the minimum of three months, reached on Wednesday at $ 1.0955.
The main interest for investors is the question will the ECB President Mario Draghi point on the willingness of the bank to reduce the bond purchase program.
The ECB is expected to leave unchanged its monetary policy after a meeting on Thursday, confirming plans to continue the purchase of assets in the amount of EUR80 billion per month, at least until the end of March 2017.
At the same time investors are increasingly worried about what will happen next: many of them fear that after the unprecedented expansionary policies by the world central banks over the years, their ability to support growth and inflation seriously weakened.
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