Draghi speech: CPI likely to decline toward the turn of the year
|Mario Draghi, President of the ECB, continues to make comments on the monetary policy, with key headlines, via Reuters, found below:
- Survey data point to broad based growth
- Policy measure support domestic demand
- Global recovery supports trade, euro zone export
- Growth risks broadly balanced
- Cyclical upswing raises chance of stronger than forecast upswing
- Downside growth risks relate to global factors
- Downside risks also related to FX
- CPI likely to decline toward the turn of the year
Key notes:
EUR/USD eases from tops on steady ECB, near 1.1980
The single currency stays within range after the European Central Bank left its monetary policy intact at today’s meeting, with EUR/USDaround the 1.1970/80 band.
EUR/JPY unfazed around 130.40 post-ECB
The EUR/JPY cross trimmed some of its early gains and retreated back below mid-130.00s post ECB announcement.
ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
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