Deutsche Bundesbank Vice President Claudia M. Buch Speech reflects the official position of German's central bank regarding the country's financial system. The influence of Vise President's speeches is second in power after The President's speeches. The Vise President has access to the full information on the intentions of the Bundesbank on monetary policy.
Depending on the speech topic and the wording, the exchange rate of the euro can be influenced more or less in the short-term.