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Draghi’s speech will be the main event in Euroland – Danske Bank

FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, remarked today’s speech by the ECB President amidst a very light calendar.

Key Quotes

ECB president Mario Draghi will speak about ‘achieving an effective economic and monetary union’ in connection with the Eurofi Forum on ‘re-launching growth in the EU’”.

“Draghi’s subject probably means that he will focus on institutional issues and have little to say about technical issues in the ECB’s ABS and covered bond programme”.

Germany: Annual CPI grows 0.8% in August

According to data released today by Destatis, German annual inflation rose 0.8% in August, following 0.8% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI remained flat, after climbing 0.3%, as expected.
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EUR/USD back to 1.29, but not below yet

EUR/USD opened at 1.2916, thouched 1.2924 session high in Asia before retreating to current 1.29 area.
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