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5 Main Takeaways from ECB Press Conference (by Kathy Lien):
While investors sold euros after the European Central Bank’s monetary announcement and press conference, the single currency did not fall to fresh lows against the U.S. dollar. Nothing Mario Draghi said was particularly surprising but a few important takeaways explain why today’s speech was more bearish than bullish for the EUR/USD:
1. ECB is Getting Serious about ABS purchases – Mario Draghi said the ECB intensified preparatory work re…
While investors sold euros after the European Central Bank’s monetary announcement and press conference, the single currency did not fall to fresh lows against the U.S. dollar. Nothing Mario Draghi said was particularly surprising but a few important takeaways explain why today’s speech was more bearish than bullish for the EUR/USD:
1. ECB is Getting Serious about ABS purchases – Mario Draghi said the ECB intensified preparatory work re…