In European trading, the euro fell against the US Dollar, trading below the 1.0410 mark.
The EUR/USD has been trading in a downward trend in the European session, suggesting that today might see a fourth successive day of losses ahead of the ECB meeting today (13:15 GMT), in which the bank is expected to cut the deposit rate by 25 basis points. In Europe, German Q4 GDP data came out worse than expected (-0.2% vs 0.0%) and the ECB is expected to set interest rates (cut of 0.25% to 2.75% exp) in the afternoon (13:15 GMT). In the US, GDP figures (2.70% exp) and Initial Jobless Claims (224k exp) will be posted (13:30 GMT).