Thursday, July 8, 2021
Tentative (all day) ECB President Lagarde Speaks
ECB President Lagarde will hold a press conference about ECB Strategy Review, in Brussels.
Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues.
ECB controls short term interest rates; according to that, President Lagarde has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
As Euro 2020 is being played in 2021, the European Central Bank’s strategic review planned for last year is being fought out only now – and it could have consequences for EUR/USD.