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Draghi’s speech to be the main focus in Euroland – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, underlines the relevance of today’s speech by President Draghi.

Key Quotes

“ECB President Draghi speaks on the latest developments in Europe and in global central banking”.

“Although QE is not just around the corner, there is still a fairly high probability that it will come and focus will be on comments related to the latest easing measures, the expected increase in the ECB’s balance sheet and lower market inflation expectations”.

Germany: Trade surplus narrows to €17.5B in August

German Trade surplus narrowed to €17.5 billion in August from €22.2 billion in July, according to data released today by Destatis. Analysts expected the surplus to narrow to €18.5 billion.
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EUR/USD keeps ignoring negative data targeting new highs

EUR/USD retreated from 2-week high at 1.2759 posted in Asia, and currently is trading around 1.2740 area.
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