Euro Near Two-Month High Ahead of ECB Bond-Buying Plan

The Euro maintained gains from Wednesday ahead of the ECB today disclosing its plans. The Aussie traded near a seven week low following weak unemployment data.
the European Central Bank (ECB) is expected to announce unlimited, sterilized bond buying to tackle the Euro region's debt concerns.
What Sterilization in effect means, is that money will be drained from other parts of the financial system in order to offset new funds added.
The market is reacting favourably on expectations that the ECB is going to follow through with a bond purchase program. What I think that we will see, is that the Euro could remain around current levels and even find some support into the ECB meeting.
ECB President Draghi is due to speak at a press conference following an ECB Governing Council meeting in Frankfurt.
On September 12th, Germany's Constitutional Court is due to rule on the legality of the European Stability Mechanism (ESM), which is the Euro region's permanent bailout fund. The ECB may delay fully disclosing its plans until after this date.
Earlier today the Euro fetched $1.2612 and climbed 0.1% to 98.91 Yen. The Yen remained little changed at 78.42 Yen per Dollar.