Mark Your Calendar: March 10 Will Be a Landmark Day for Markets
- ECB meeting, U.S. CPI data will give traders a very busy day
- Investors hedge event risks through one-month euro volatility
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This year has already had its fair share of huge days for markets, but the biggest may be yet to come: March 10. That’s when the next datapoint on U.S. inflation is due and the European Central Bank meets.
Just as ECB President Christine Lagarde is starting her press conference, U.S. consumer prices data for February will be released, meaning that two key event risks for the euro will unfold simultaneously. One-month volatility in the common currency reflects this and is trading near a one-year high.