Today we have a very light calendar in terms of data releases but there are someinteresting central bank speeches. ECB’s Constancio, Nouy and Nowotny speak inVienna and their comments could attract some attention after the ECB meeting lastweek at which Draghi ‘promised’ to ease in June. Following the meeting ECB’sLikanen said Draghi’s comments show our ‘common view’ and we do not expect anyback tracking today.
Fed’s Plosser speaks tonight. He is considered hawkish and although he is a voterhis comments might be less interesting as they are far from the consensus on FOMC.
During the week there are some interesting releases. In the US we get retail salesfor April, euro area GDP growth in Q1 is due for release, Bank of England willpublish its May Inflation Report and Chinese industrial production and Japaneseinflation are due for release.
Read the full report: FX Daily
Danske Bank