Amid remarks, Draghi said is up to Spain to seek a bailout. He also said the ECB priority is now to restore monetary policy transmission channels. Regarding Greece, the ECB President said that governments will discuss Greek situation at the Eurogroup meeting next week.
EUR/USD dropped to a marginal new low of 1.2716 before bouncing right back to the 1.2755 zone. At time of writing, EUR/USD is quoting at the 1.2750 area, 0.1% below its opening price.