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Central bankers to keep Forex markets on toes – TDS

FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that today’s session will be dominated by speeches from central bankers as ECB President Draghi is set to appear before the European Parliament’s Committee on Economic and Monetary Affairs (9am EDT).

Key Quotes

“There, we expect him to stick largely to the script from their 3 September policy meeting, but we will be looking carefully for any signs the Governing Council is getting closer to moving from rhetoric on easing to taking action.”

“We think he is likely to crystalize their views on what impacts the recent financial market volatility has had on the Eurozone’s growth and inflation outlook. Separately, the ECB’s Weidmann is also scheduled to speak in Germany today (12pm EDT), while we also expect to hear from the BoE’s Broadbent and the Fed’s Lockhart.”

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