Analysis: The Euro may fall after the European Central Bank's decision.

Monex Europe analysts stated in a report that the high expectations for a rate hike by the European Central Bank before Thursday's policy decision announcement pose a downside risk for the euro. They mentioned that a 25 basis point rate hike is already largely priced in, with some market participants already positioning themselves for as many as three rate hikes this year. They suggested that three rate hikes this year seem unlikely considering the potential negative impact on economic growth. They also noted that if the ECB President acknowledges this on Thursday, it could weaken the euro. The euro rose by 0.3% to 1.1566 US dollars.