Flash: EUR/USD little moved, focus on ECB – UBS

FXStreet (Córdoba) - The UBS analyst team notes that EUR/USD fell slightly after the Ism manufacturing PMI Monday while markets remain fully focused on the ECB meeting.

Key Quotes

"The manufacturing ISM, the most important forward looking indicator for industrial activity in the US, surprised to the upside in January. It increased strongly compared to the December reading, despite challenging weather conditions".

"Nevertheless, the USD was little moved, it appreciated only a tiny bit and EUR/USD fell slightly from recent highs. Markets are fully focused on the ECB meeting this Thursday, where the bets on easing or not easing run very hot".