ECB’s Draghi: Plenty of instruments available if necessary

Central bankers continue to respond to questions from the audience at the ECB's panel titled 'Price and wage setting in advanced economies.'

Key quotes (via LiveSquawk)

  • Lowe: Confident on reaching 2.5% inflation.
  • Draghi: Plenty of instruments available if necessary.
  • Draghi: Welcomes French-German EU reform document.
  • Draghi: France-Germany document on EU reform is 'vague', still needs work.

AUD/USD weakens back closer to YTD lows, around 0.7370 region

   •  Struggles to build on early recovery move and failed just above 0.7400 handle.    •  Resurgent US bond yields help revive USD demand and prompt
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Fed's Powell: In principle, changes in trade policy could cause us to revise the outlook

Central bankers continue to respond to questions from the audience at the ECB's panel titled 'Price and wage setting in advanced economies.' Key quot
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