NEW YORK (TheStreet) -- The euro has tumbled in recent weeks as policy expectations have diverged in the U.S. and Europe.
The European Central Bank meets on Thursday to discuss monetary policy, with discussions revolving around weaker inflation.
Last week inflation readings for the European region came in well below the 2% target. This led many to speculate the ECB will be forced to take action in order to stimulate economic activity.
Although the central bank is unlikely to cut rates at Thursday's meeting, some form of action is expected in the future if inflation remains tepid.Meanwhile, in the United States, investors have begun to fear that the Federal Reserve has hawkish plans for the future.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV