Euro took a hit in yesterday’s trading session on the back of shocking German election results that adds chaos to the stable euro zone political environment. Although German Chancellor Angela Merkel is expected to form a coalition and remain in government, it is still unsure as to which party would support her to form the majority. Pound also suffered with news coming in from UK that Chancellor Philip Hammond refused to back Theresa May as Conservative leader into the next election after Moody's downgraded UK's debt rating on Brexit uncertainties.
Today’s Focus will on Key speeches from FED Members including Janet Yellen. Meanwhile ECB’s Chief economist Peter Praet is also scheduled to deliver a speech on monetary stimulation and euro zone inflation.