At 07:00 GMT, ECB’s President Mario Draghi is expected to deliver opening remarks at the ECB Statistics Conference, in Frankfurt. The Non-monetary policy’s meeting minutes will be released at this time also. EUR crosses can see increased volatility as a result.
At 12:00 GMT, ECB’s Mersch is expected to speak today at a scheduled event. EUR crosses may be affected by any comments made.
At 12:30 GMT, US Producer Price Index ex Food and Energy (YoY) (Jun) is expected to be 2.6% against a previous reading of 2.4%. This data is expected to come above the previous reading for last month. The FED will be analysing this data for developing trends in consumer inflation, with an increase in prices putting upward pressure on inflation. USD crosses can be affected by this data release.
At 14:00 GMT, Bank of Canada Interest Rate Decision and Rate Statement will be released along with the Monetary Policy Report. The Rate Decision is expected to result in an increase from 1.25% up to 1.50% for a second time this year after the Bank hiked rates in January. The Rate Statement will provide some key insights into the thinking behind today’s decision and future policy.
A press conference will be held at 15:15 GMT, by BOC Governor Poloz that will further explain the decisions made and the economic landscape. CAD crosses can see spikes in volatility as a result.
At 16:35 GMT, BOE Governor Mark Carney is due to speak about the global financial crisis at the National Bureau of Economic Research conference, in Boston. GBP crosses may be affected by any comments made.
At 17:30 GMT, US FOMC Member Bostic is due to speak at the Virginia Society of Certified Public Accountants. Audience questions expected. USD pairs can be moved by any comments made.
At 21:30 GMT, US FOMC Williams is to speak about the local economy at a town hall event, in Brooklyn. Audience questions are expected to follow. USD crosses may be affected by any comments made or responses to questions asked.