DAX craters, EURUSD spikes after the ECB meeting

The ECB meeting brought no change in monetary policy and only vague promises related to September. While the ECB is likely to act amid weakening economic outlook, this is certainly below expectations that ballooned over the past few days. As a result we observe DE30 tumbling by nearly 2% and EURUSD recovering from 1.11 to 1.1180.

USD keeps pushing euro down
Chart of the day - EURUSD (08.03.2021)
Economic calendar: Middle East tensions and US stimulus
Morning wrap (08.03.2021)
Daily summary: US stocks edge higher after bumpy ride
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