Draghi speech: Will have to take FX into account in decisions
|Mario Draghi, President of the ECB, is responding to questions from the press, with key headlines, via Reuters, found below:
- Will have to take FX into account in decisions
- Euro FX rate concerns reiterated by most rate setters
- Discussed calibration of policy instruments
- Did not discuss sequnce
- Did not discuss in changes to issue and issuer limits
- Discussed various scenarios
Key notes:
EUR/GBP hits two-week lows and quickly recovers to fresh session tops
As the ECB presser got underway, the EUR/GBP cross refreshed two-week lows but quickly rebounded back to hits fresh session high level near the 0.9175-80 region.
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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