Draghi speech: Too early to assess content of US-EU trade meeting
Mario Draghi, President of the ECB, is now responding to questions from the press with key quotes, via Reuters, found below.
- We took note of US-EU deal.
- Too early to assess content of US-EU trade meeting.
- Outcome of US-EU trade meeting is a good sign.
- Didn't discuss reinvestments.
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EUR/USD trims losses, keeps 1.1700 post-ECB.
The shared currency remained apathetic after the ECB decision today, with EUR/USD a tad lower in the 1.1715/10 band.
ECB Governing Council monetary policy statement July 26.
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
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).
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
