FXstreet.com (Barcelona) - The ECB President Mario Draghi will be back on the spotlight today to explain the ECB’s monetary policy in front of representatives of the Budgetary, Finance and European committee as well as some MPs and defend the usage of the Outright Monetary Transactions (OMT) as within the mandate of the ECB. “He will nonetheless struggle to shake off the impression that monetary policy is heavily influenced by politics and for the foreseeable future is taking over the role of a sustainable fiscal policy”, wrote analyst Carolin Hecht, saying that a harmonious impression between Draghi and Lammert, President of the Bundestag, could be positive for the euro, but nothing should change much.
EUR/USD May 19 at 09:20 GMT
1.2827/31 (-0.08%)
H1.2839 L 1.2828
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
