Mario Draghi, President of the ECB, is responding to questions from the press, providing the key quotes, via Reuters, found below.
- Rates will be changed depending on the conversion process.
- Responding to a question about Italian bond purchases: One shouldn't get obsessed with weekly or monthly figures of flows.
- Draghi speech: ECB purchased more Italian bonds than it did in May and January.
EUR/USD Technical Analysis: USD bulls show no mercy as EUR/USD breaks below 1.1730 key support.
EUR/USD just broke a key support at 1.1730 and is continuing to melt down below the 1.1700 figure at the time of writing.
EUR/GBP collapses near 0.8750 on Draghi.
EUR/GBP drops to fresh lows in the vicinity of 0.8750 following a sharp sell-off in the European currency after the ECB meeting.
About Mario Draghi
The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
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