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Flash: Major headlines – BMO

FXstreet.com (London) - Stephen Gallo, European Head, FX Strategy BMO Financial Group offers the major headlines


• ECB’s Draghi says ECB ready to act, ECB has “numerous” policy measures at hand, Thomson Reuters
• ECB’s Draghi says ECB is “far from exit”, Bloomberg
• G8 backs “Abenomics”, expresses concern about Japan’s fiscal policy, Bloomberg
• EU-27 new car registrations match 1993 low in May
RBA minutes: inflation outlook provides scope for further easing, AUD could fall more on terms of trade,Bloomberg
• <a href="http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=0205d838-1106-4d7d-abdd-692f33fb5686">UK CPI at 2.7% y/y in May versus a reading of 2.6% expected, 2.4% previously
German ZEW Economic Sentiment Index at 38.5 in June versus 38.1 expected, 36.4 previously

G8 calls for a quick implementation of the Eurozone banking union

G8 leaders, who hold a two-day summit in Enniskillen in North Ireland this week, urged Eurozone countries to increase efforts to form a banking union in the area.
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Flash: What can we expect of the EUR/USD? – Commerzbank and UBS

The shared currency remains locked around 1.3380 after printing fresh highs in levels just shy of 1.3400 the figure on mixed results...
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