Monitor ECB President Lagarde's testimony for pivotal Euro valuation clues on future rates.
Scheduled to address the Economic and Monetary Affairs Committee of the European Parliament in Brussels; As the head of the ECB, responsible for short-term interest rates, she holds significant sway over the euro's value, more than any other individual. Traders closely analyze her public statements for hints about future monetary policy; Serving as ECB President from November 2019 to November 2027, her speeches often lead to increased market volatility as traders seek to interpret clues about interest rates.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated is favorable for the currency.
Source & Frequency
European Central Bank (latest release) - https://www.ecb.europa.eu/home/html/index.en.html
How Data is Derived
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Also Known As
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Acronym
European Central Bank (ECB)