Mar 12, 2021 08:33 GMTOpinions The ECB has left its policy unchanged and vowed to ramp up bond-buying next quarter. Potentially lower European yields may weigh on the currency. The lack of commitment to longer-term support means fewer funds for the economy. Christine Lagarde’s largesse is gone – at least for the long-term – and that is bad news for euro bulls. European Central Bank President Christine Lagarde has overseen an announcement to expand bond-buying in the second quarter. That pledge has come after the bank surprisingly purchased fewer bonds in recent weeks – a surprise given officials’ complaints about rising yields. If the bank indeed ramps up its bond-buying activities and returns on debt fall, that could weaken EUR/USD. On the other side of the Atlantic, the Federal Reserve accepts higher yields as a sign of better growth prospects.