There will be several speeches from ECB officials today as well as minutes from the ECB’s monetary policy accounts meeting. The euro is weaker against the pound but stronger against the dollar, mainly driven by sterling and greenback movements.
Jens Weidmann, ECB Governing Council member and Bundesbank President, said yesterday that he wouldn’t overinterpret the euro’s appreciation: “The euro strength reflects the US policy and the joint EU response.” He also said that he doesn’t see an immediate need for more fiscal stimulus. It will be interesting to see if these views are reflected in speeches made by other officials today and the meeting minutes.
