ECB speeches today may be more exciting after Nowotny’s $ comment - ING

It’s a day of ECB communications – with four Governing Council members speaking and the central bank’s monthly Economic Bulletin also to keep an eye on, points out the research team at ING.

Key Quotes

“Kicking off proceedings will be arch-hawk Weidmann – while Praet, Villeroy and Mersch are also due to speak. With fellow member Nowotny reportedly stating that the US Treasury are ‘purposely’ pushing down the dollar, we wouldn’t be surprised to see some FX related comments. EUR/$ to stay supported above 1.2200/50.”