Buba’s Weidmann takes centre stage today – Danske Bank

FXStreet (Edinburgh) - Analyst Anders Fischer at Commerzbank regards the speech by Weidmann as the main event in Euroland today.

Key Quotes

“Bundesbank’s President Weidmann is scheduled to speak in Madrid”.

“Last weekend he said that interest rates were too low for Germany taken in isolation and hinted that Bundesbank would likely resist further ECB action beyond the current TLTROs”.

“We expect him to stick to this message today”.

EUR/CHF is cautiously waiting for news

EUR/CHF briefly dipped to 1.2135 and fell fast asleep at the opening level of 1.2138; Let’s hope European investors will wake the cross up.
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EUR/USD posted 1.5-month low, but got scared and ran away

EUR/USD opened the day at 1.3525, slid to1.5-month low 1.3512, but rebounded just above 1.3520.
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