What is it? ECB president Draghi is due to hold a press conference about the conclusions of the International Monetary Fund's Annual Meeting and associated events, in Washington DC.
As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.
When? October 11th at 12:00pm Eastern Time.
Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.
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