ECB might raise rate by 25 bps in July according to Citi

and other FX market news.


    What’s new?

    Citi says that it expects ECB key rate to be bring gradually above 0 within this year as the consensus is pretty well shared amongst policymakers. Adding that such a view would be "largely independent from incoming economic data”.

    What’s in the pipe?

    • Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, New York
    • Fed President John Williams, Fed Governor Christopher Waller speak, Tuesday
    • Atlanta Fed President Raphael Bostic speaks, Wednesday
    • U.S. CPI, Wednesday
    • EIA crude oil inventory report, Wednesday
    • San Francisco Fed President Mary Daly speaks, Thursday
    • U.S. PPI, initial jobless claims, Thursday
    • University of Michigan consumer sentiment, Friday

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    AUD/USD @ 0.6949 - Bearish trend

    USD/CNH @ 6.7408- Bullish trend

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