FX Markets Restrained Ahead of Tomorrow's ECB Meeting

FX markets were restrained ahead of tomorrow's ECB meeting, although the Dollar slipped against the Euro on speculation that rates will soon be rising in the eurozone. The Swiss Franc also had a good day on Iranian nuclear tensions. The primary event Thursday will be ECB President Trichet's afternoon press conference. Although no change in rates is expected, the follow-up commentary is likely to provide insight into future actions.