Markets Are Concentrated At Speeches of Central Banks’ Representatives

Forex News

Focus of the markets this week will be on speeches of the Central Banks’ representatives, including Federal Reserve Chair Janet Yellen, ECB President Mario Draghi and the Bank of England Governor Mark Carney.

ECB President Mario Draghi once again defended incentive measures, stating that interest rates should remain low to restore growth. The politician also noted the strengthening and expansion of the recovery in the euro area. The euro has strengthened significantly after Draghi's comments. The EUR/USD pair increased by 0.70% and is trading at 1.1260 level.