The dollar is trimming some of its earlier advance as stocks stay more choppy
EUR/USD is now back up to 1.1700, working its way above the 100-hour moving average at 1.1670. Meanwhile, GBP/USD is back up above 1.3000 after having traded to as low as 1.2915 earlier as buyers now seize back near-term control in the

This just reaffirms the market expectations
They have been rather explicit about doing so following last week.
the policy meeting
As things stand, expanding PEPP is the definitely part of its „recalibration“ but I reckon we can also expect changes to QE and TLTRO as well next month.