08 June 2017
European Central Bank (ECB) conducts monthly press conferences, which have two parts: prepared statement of ECB President Mario Draghi and press questions. Mario Draghi's answers to press questions frequently cause high levels of volatility.
The next ECB press conference would be held on June 8th at 12.30 noon GMT. Leading FreshForex analyst Catherine Main tells what to expect from this meeting:
“Investors expect Mario Draghi to give hints about cutting QE program. However, considering fall in Eurozone inflation, ECB President may refrain from making any comment on the matter, which will negatively affect euro. EUR/USD and EUR/GBP are likely to drop.”
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