BoC: Governor Poloz discussion eyed - TDS

Research Team at TDS, suggests that the Bank of Canada Governor Poloz will participate in panel discussion during the Milken Institute’s Global Conference in Los Angeles.

Key Quotes

“The topic of the discussion is “Monetary Policy: Out of Ammunition.” We expect that Poloz will revisit his speaking points around a balance of monetary and fiscal stimulus, which have been repeated in recent public appearances. The discussion is set to begin at 12:30, note that the Bank will not publish any prepared remarks on its website.”

USD remains defensive but may stabilize soon - BNPP

Research Team at BNP Paribas, notes that the USD has extended losses in the aftermath of last week’s FOMC meeting, with a below consensus reading on the manufacturing ISM headline adding more credence to Fed concerns about slowing activity.
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ECB's Coeure: Will not take deposit rate to 'absurdly low levels'

ECB's Coeure says policy interventions are undoubtedly having an impact on market functioning today, adding that the ECB will not take deposit rate to 'absurdly low levels, Bloomberg reports.
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