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ECB: Draghi returns to Jackson Hole with a dovish message - Danske Bank

Mario Draghi, the President of the European Central Bank will speak at Jackson Hole. Analysts from Danske Bank expect a continued dovish stance from Draghi as the euro appreciation will dominate factors suggesting a more hawkish stance.

Key Quotes: 

“ECB president Draghi is returning from summer holidays and will speak at Jackson Hole for the first time since his ‘QE hint’ in 2014. We expect a continued dovish stance from Draghi as the euro appreciation will dominate factors suggesting a more hawkish stance.”

“The ECB minutes revealed concerns about the euro overshooting which once again suggests the ECB’s exit will be very gradual.”

“We expect the ECB to focus on the stock instead of the flow argument when revealing its QE strategy for 2018.”

GBP/USD rejected above 1.2900, tumbles to 5-week lows

GPB/USD dropped again toward weekly lows after being unable, one more time, to hold above 1.2900. The pound is the worst performer among the most...
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EUR/USD preserves daily gains near mid-1.17s as DXY remains in red

The EUR/USD pair, which was able to close the day a little above the 1.17 handle on Thursday, recorded modest gains on Friday and was last seen moving
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