Draghi slapping the Euro down once more
Skerdian Meta • 1 min read
The ECB president Mario Draghi just finished his press conference. He said that the inflation in the Eurozone remains subdued and that more stimulus is about to come. I didn´t expect the comments about the extra stimulus and the market didn´t expect them either because the Euro is about 100 pips lower from the highs this morning. I don´t really think that the ECB will add additional stimulus because the situation in Europe has improved somewhat recently and the Germans are already fighting hard to make the ECB tighten up the monetary policy. This is probably one oh hit tricks to send the Euro lower, which seems to be working. After all, he´s the wizard man when it comes to weakening the Euro. Yellen is coming up shortly so stay alert guys.
EUR/USD is 100 pips lower after Draghi´s speech