ECB and Yellen in Focus in Addition to China’s FX Reserves - Rabobank
ECB and Yellen in Focus in Addition to China’s FX Reserves - Rabobank
Stefan Koopman, Market Economist at Rabobank, suggests that apart from
Chinese FX reserves, which are projected to have fallen by only USD 6bn
in March, it's a quiet day in terms of key macro-economic data.
Key Quotes
“The
ECB will however publish its accounts of the monetary policy meeting
that was held on March 10. Even though it has been four weeks since the
ECB announced its cocktail of rate cuts, additional asset purchases and
ultra-cheap bank funding, it remains interesting to see how the
discussion within the GC evolved. But, be advised, the accounts are
typically twenty pages long to make sure that everyone has their say.
Finally,
current Fed Chair Janet Yellen will speak tonight at a panel
discussion, being joined by her predecessors Ben Bernanke, Alan
Greenspan and Paul Volcker. Whether it will present market-moving
headlines remains to be seen, but it surely promises to be an
interesting event.”
(Market News Provided by FXstreet)
