Euro in countdown to key Fed call on interest rates

The euro rebounded strongly towards the end of last week as the latest raft of ECB easing measures failed to live up to market expectations.

The ECB cut the deposit rate by a further 10bps, moving it deeper into negative territory at -0.3%. However, a bigger cut had been expected.

The ECB also announced changes to its quantitative easing bond-buying programme but again the measures fell short of market expectations.