ECB Meeting to Convey Alertness on Euro -RBC

        0526 GMT [Dow Jones] While Thursday's ECB meeting is not expected to unveil any policy changes, the subsequent press conference is likely to convey a heightened alertness on the Euro, according to RBC Capital Markets. "Although the rise in April's Harmonized Index of Consumer Prices is sufficient to stave off any immediate action, we continue to think that the ECB's baseline profile (on inflation) will need to be lowered further," RBC senior currency strategist, Sue Trinh says. "And with nascent signs of money market dysfunction emerging, we think policy intervention seems increasingly likely. But we think that action is more likely to come in June when the ECB has updated macro projections." EUR/USD last 1.3915. (david.rogers@wsj.com; Twitter: @DRWSJ)
        (END) Dow Jones Newswires

        May 08, 2014 01:26 ET (05:26 GMT)