EURUSD fell over 70 pips and is trading in the lower $1.16 handle as the ECB offered no positive surprises on policy and also failed to respond on the Trump – Juncker meeting. The ECB signaled no change in its timetable to move away from ultra low rates or end its bond purchase program and so the interest rate differentials between the ECB and the Federal Reserve is weighing on the euro/dollar pair.
