The euro has come back under some pressure against the dollar as the ECB's policy decision swings into the foreground. EUR-USD closed yesterday at 1.0614, and has since been pressed below 1.0590. The pair had experienced a profiting-taking fuelled rebound after clocking a new seven-month low at 1.0550 in the wake of Fed chair Yellen's speech yesterday, where she laid the groundwork for a rate hike on Dec-16 by saying that the economy had "recovered substantially" and was poised for further growth. Elsewhere, the dollar was firm. USD-JPY lifted back to the mid-123s.
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