Strong USD on Tuesday
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The European central bank may move the EUR
The European central bank will publish its monetary policy statement on June 6, at 14:45 MT time. As usual, after that, the ECB president Mario Draghi will hold a press conference with a Q&A session at 15:30 MT time.
The interest rate is expected to remain at 0%. However, the tone of the statement by Mr. Draghi may shake the euro. According to the ECB vice president Luis de Guindos, the risks for the Eurozone include potential trade war with the US, Brexit and the weakness in emerging markets. Will these factors influence on the comments by the ECB president? If Mr. Draghi sounds positive, it will push the euro up.
• If the ECB is hawkish, the EUR will go up;
• If the ECB is dovish, the EUR will go down.
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