### - POV - ECB Draghi to speak in......>

EURO-DOLLAR: ### - POV - ECB Draghi to speak in Lindau Germany this morning at

0700GMT which draws interest. Recent Eur strength cited on anticipation that

Draghi could hint at tapering QE when he speaks at Jackson Hole Friday, though

recent ECB source comments have suggested that no major policy change will be

announced at this event. However, one WSJ continues with the suggestion that he

could provide a hint, though any decision would more likely be made at the Sep7

ECB meeting. One major German bank sees chance he could hint at such a move at

this morning's event. Eur-Usd did pare some of its recent strength Tuesday as

the Usd made gains on suggestions that the Republicans in the US had made

progress on their discussions for the debt ceiling and tax reforms. However,

comments from US Trump last night that he was prepared to shut down Govt to get

funding for the Mexican Wall has countered some of that effect. As for Draghi,

market is seen long Eur/Usd ahead of the events this week and therefore open to

disappointment, but tapering is approaching and any react dip lower expected to

meet willing buyers. Support seen at $1.1745-20 with upside to gain more

interest on the break of $1.1847.