Policy Directions

ECB Trichet Press Conference 11/05/09

by Henry Liu on November 4, 2009

8:30am (NY Time) EU Trichet Press Conference
ACTION: EUR/USD BUY (Hawkish) SELL (Dovish)

Trichet will deliver an official statement along with a Q&A session afterwards. This press conference is usually very volatile and the market is always looking for clues from Trichet’s tone for future monetary policy directions. If Trichet is hawkish over the future of EURO, namely talking about exit strategey and possibility of hikig rates, then we will see EURO gain; if Trichet is dovish, focused on the real picture of the recovery, then we will see EURO trade lower against all other currencies.

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Policy Directions

ECB Trichet Press Conference 11/05/09

Currency Strength Meter

News Analysis

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Most Popular Posts

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