Flash: EUR/USD eyes on ECB speeches - Danske Bank

FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank comments that today, the FX market will keep a close eye on the ECB speeches, not least after the comments yesterday from the ECB’s Constancio.

Key Quotes

“He said that the ECB was misinterpreted last week and that it can still cut rates, introduce QE and that the forward guidance is still firmly in place.”

“If his views are mirrored today by other ECB members, it should take away some of the support to the euro that has been seen since the ECB meeting and a peak in EUR/USD might be closer.”