During today’s session, Thursday, the markets are awaiting the monthly meeting of the European Central Bank to determine the bank’s monetary policy and update its economic expectations for the coming period. Lagarde. Economic data in the European region, after improving in May, June and July, returned to slowdown in August, as the services and industrial PMI and the Ifo index declined, in addition to a decline in the index concerned with measuring confidence in Germany and the European region ZEW to its lowest level since March 2020. Inflation, in turn, in the euro area rose to its highest level in 10 years in July, reaching 3%, as is the case in the United States of America and most advanced economies, while the bank targets an inflation rate of 2% in the medium term. The bank buys bonds in the PEPP program worth 80 billion euros per month in addition to the conventional bond purchase program APP worth 20 billion euros per month, as some expectations indicate that the European Central Bank will reduce the pandemic emergency program to 70 billion euros per month. The euro area suffers from a high incidence of the new Delta strain, especially Germany and Italy, which affected the economic recovery in August, but the European Commission announced at the end of August that about 70% of the adult population in the European Union had been vaccinated, and thus this matter reduced the fears of the markets. Updating the bank’s economic expectations for the coming period, if they are positive for growth and inflation, with a positive tone for Central Bank President Lagarde, in addition to reducing the purchases of the emergency program, may be positive on the euro’s movements during the session. The yu is trading higher against the US dollar in the middle of Thursday’s trading session, two hours before the European Central Bank’s meeting at 1.1830 levels.