On Monday, June 22nd at 8:00 AM EST, Jean Claude Trichet, European Central Bank Chief, is expected to talk about the current state of Europe economy recovery after the world financial crisis. At the Hotel Ritz in Madrid he will be speaking before a conference organized by the New Economy Forum and the Wall Street Journal.
The European currency is controlled by the ECB's Chief more than by any other single financial official. Thus his today`s speech may may effect the Euro position. As some market analysts expect, Trichet's speech will contain more positive words about the future of European economy and it may produce depressing influence on the Greenback. The EUR/USD remains at 1.4000 level.
Jean Claude Trichet is famous for his sentiment of inflation and broad hints that are closely analyzed being quickly acted upon by small and large participants in the currency markets.