Live Coverage: ECB rate decision & Mario Draghi speech, July 20th

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Summary

The ECB Monetary Policy meeting is always a key event that provides Euro, US Dollar and other currencies clues. In addition, Mario Draghi is always willing to give color to the monetary policy decisions. He answers all questions during his press release. 

The ECB is not expected to change interest rates this month nor the wording of the statement, but Draghi will have to explain in more details the comments (hawkishly interpreted) he made in Sintra during the ECB Forum on Central Banking three weeks ago. Draghi then spoke of "strengthening and broadening recovery" in the Eurozone, but confirmed that stimulus must remain.

The ECB Monetary Policy meeting is always a key event that provides Euro, US Dollar and other currencies clues. In addition, Mario Draghi is always willing to give color to the monetary policy decisionswith his answers during the press conference. Join Valeria Bednarik from FXStreet, Yohay Elam from Forex Crunch, and all the traders to understand Draghi's words and the market reaction.

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