Morning, Traders!
It is Monday the 4th of September, and markets in the US are closed today in observance of Labor Day.
Nonetheless, here is what to look out for today.
Sentiment
In a holiday-thin market, the dollar fell against most Group of 10 peers as China's latest announcement on additional measures to boost the private sector lifted risk sentiment.
US Commerce Secretary Raimondo said her trip to China resulted in "significant progress."
Meanwhile, China has called the Biden administration's approach to Beijing "doomed to fail."
Huawei and China's top chipmaker have developed an advanced 7-nanometer processor to power its latest smartphone, indicating that Beijing is making early progress in a nationwide push to circumvent US efforts to slow its rise.
Speakers
9:00 AM ET
ECB's Nagel takes part in a panel discussion titled $The role of central bank reserves in monetary policy".
9:30 AM ET
ECB's President Lagarde gives a speech at the Distinguished Speakers Seminar organized by the European Economics & Financial Centre.
10:00 AM ET
ECB's Panetta delivers introductory statement at the Hearing on the Digital Euro at the Committee on Economic and Monetary Affairs of the European Parliament
Good luck!
