Wires carrying a story in the WSJ who cite sources close to the scene 13 July
- Draghi to address Jackson Hole meeting in August for the first time in 3 years
- speech expected to give further sign of ECB's growing confidence in the EZ economy and its reduced dependence on monetary stimulus
- ECB September meeting is 2 weeks later
More conjecture on the timing of the ECB tapering but as yet it 's still guess work.
Posting the story though as it's doing the rounds out there and helping to put a bid under the euro for the moment.
The last time Draghi spoke at Jackson Hole in 2014 his speech was seen as beginning the QE process so this opportunity might fit well says the WSJ source.
Full (gated) story here
EURUSD back above 1.1404 but EURGBP still around 0.8818 as GBPUSD holds 1.2920 and now up to 1.2933 as NA desks get underway.
Draghi to pull surprises at Jackson Hole say WSJ sources
