Euro edges higher; Lagarde’s comments seen key

EUR/USD rose 0.2% to 1.1141, with Thursday’s European Central Bank meeting set to also result in an increase of 25 basis points.

Again, with such a hike largely priced in, it’s the associated comments from ECB President Christine Lagarde that the market is waiting for, in particular, the signal she sends for the September meeting with eurozone inflation still considerably above the central bank’s target.

Manufacturing and services PMI data for the eurozone are scheduled for release later in the session and should provide clues as to the health of the region’s economy.