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Currency Analyst since 2010

Draghi preview from Lloyds Bank

Mario Draghi’s speech at 07:00 GMT may be an important event for EUR/USD.

Comments from Lloyds Bank:

“If he maintains or increases his gloomy assessment of the euro zone economy, expect the EUR and risk appetite to continue to weaken. However, the downside for the EUR may not be extreme, as with no further downside scope for European yields, risk negative markets will tend to move yield spreads in the EUR's favor. In the current circumstances, it may be more effective for Draghi to talk up the economy, both reducing the risk of a collapse in confidence and moving yield spreads in favor of a weaker EUR.”  

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