ECB-speak will take centre stage today – Danske Bank

FXStreet (Edinburgh) - Analyst Anders Fischer underlines the relevance of today’s speeches by ECB members after last week’s meeting.

Key Quotes

“Today we have a very light calendar in terms of data releases but there are some interesting central bank speeches”.

“ECB’s Constancio, Nouy and Nowotny speak in Vienna and their comments could attract some attention after the ECB meeting last week at which Draghi ‘promised’ to ease in June”.

“Following the meeting ECB’s Likanen said Draghi’s comments show our ‘common view’ and we do not expect any back tracking today”.

EUR/USD is still around monthly lows

EUR/USD opened the day at 1.3753, moved lower to 1.3750, but rebounded to 1.3765 area by the moment.
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