Breaking: EUR/USD falls below 1.09, nears multi-year lows

EUR-USD has extended its drop and trades below 1.09, at the lowest since October. It is less than 20 pips away from the 2019 trough of 1.0879. 

The ECB's policy review will unlikely change the treatment of house price inflation. That may result in lower Consumer Price Index figures and therefore in lower interest rates for longer. 

The US dollar is benefitting from an upbeat economy and also safe-haven flows related to the coronavirus outbreak.

-- more to come