Forex: EUR/USD slumps on Draghi's deposit rate comments

FXstreet.com (Córdoba) - The euro slumped to fresh daily lows sub-1.3100 against the dollar in choppy action after ECB President Mario Draghi said the bank is technically ready for negative deposit rate if it decides to act. Draghi highlights that the ECB will look at this with "open mind".

EUR/USD dropped over 100 pips after the remarks and dipped below the 1.3100 mark to hit a low of 1.3076 so far. Currently the pair is trading around 1.3090/1.3100, now down 0.6% on the day, having hit a high of 1.3218 less than an hour ago.

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