EUR/USD suffers worst 1-day drop since brexit, ECB to blame

The EUR/USD pair consolidated its losses around the 1.0600 level for most of the last two sessions, holding between 1.0588 and 1.0629 ever since Draghi announced the latest ECB economic policy decision. The ECB has extended its QE program until December 2017, but between April 2017 and the new proposed end, it reduced the size of the bond purchases to €60 billion, from current €80 billion.

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