* ECB’s Coeure: ECB is ‘ready to act’ if inflation scenario does not materialise, but deleveraging could unleash pent-up monetary policy easing. ECB’s Weidmann: ECB’s ‘expansionary policy is ‘appropriate’.
* Australian total employment rises by 47K in February, versus a rise of 15K expected. Previous revised up by about 22K.
* Chinese industrial output rises 8.6% YoY YTD in February versus a rise of 9.5% expected. February retail sales also miss expectations to the downside.
Read the full report: FX Daily
BMO