Last week, the EUR/USD exchange rate managed the remarkable feat of staying on the same big figure for every single minute of the 120 hours in which the foreign exchange market was open for business. Thursday’s high was 1.1672 and Friday’s low 1.1602. This run was very briefly interrupted in London trading this morning, with a low of 1.1594 seen before the EUR bounced back on PMI services data which showed the pace of job creation at its fastest pace in a decade. For the week ahead, there’s not much more economic data to be released. ECB speakers include Draghi, Lautenschlaeger, Nuoy, and Angeloni tomorrow whilst it’s the turn of Bank of France Governor de Galhau and Bundesbank President Weidmann on Thursday. Often these speeches are used to ‘reset’ perceptions of policy and to help correct any unwelcome post-ECB movements in foreign exchange and interest rate markets. With price action as it was last week, however, there’s nothing to correct. Expect, instead, to hear the sound of happy central bankers across the Eurozone and be prepared for another quiet few days for the Single European Currency.