ECB: Busy day ahead - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that its going to be a busy day for ECB speak as the IMFS hosts the ECB and its Watchers Conference of 2018, which should give us a bit more colour around ECB thinking after last week's rate decision and press conference.

Key Quotes

“Today we hear from Draghi at 8am GMT, Praet at 8:45am, Constancio at 10:45am, and Villeroy at 1:30pm.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.