Draghi to Focus on QE and Bond Buying in Brussels

European Central Bank (ECB) President Mario Draghi will testify before the European Parliament’s Economic and Monetary Affair Committee in Brussels on June 15. The two main items on the agenda are: quantitative easing (QE) and sovereign bond purchases and risk sharing. Following his previous meeting with the Committee, the ECB launched its QE program. Although it’s too early to tell if the easing policy has produced the desired results, some preliminary results will be shared to add to what the market already knows from the central bank’s statements. The second item on the agenda, and the more pressing, is Greece. If and how it figures as a continuing member of the eurozone has yet to be determined, including how much risk should be shared across the eurozone, as well as the consequences of another bailing the cash-strapped country out again.

Weekly Forex Rate Graph Tuesday, June 9, 2015

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza