Today’s data calendar is fairly light in terms of data releases, with the highlight beingUS durable goods orders for February. Durable goods orders declined relativelysharply in the previous two months partly due to bad weather, so we expect to see arebound that is a bit stronger than suggested by the current consensus expectations.
The US Federal Reserve will release the final results from its two-step annualregulatory check-up of major US banks this evening. The Fed said last week thatall banks but one passed the stress test and tonight the Fed presents further details andits verdict on the banks’ plans for paying out dividends or making stock buybacks.
In Europe, US President Obama meets European Council President Von Rompuy andEU Commission President Barroso in connection with the EU-US summit inBrussels. Ukraine will likely be on the agenda but the summit is also expected tocover negotiations about a comprehensive trade agreement between the US and EU.
Read the full report: FX Daily
Danske Bank