ECB press conference - Draghi speech - Live

Eren Sengezer FXStreet

Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank's monetary policy decision in a press conference at 13:30 GMT.

Key notes

EUR/JPY flirting with lows, around 135.00 mark ahead of Draghi.

The EUR/JPY cross held on to a mildly weaker tone for the third consecutive session and had a rather muted reaction to the ECB announcement.

EUR/USD around 1.2400 post-ECB.

The single currency keeps the negative tone after the European Central Bank left its monetary policy intact at today’s meeting, with EUR/USD around the 1.2400 area, close to daily lows.

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.

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.

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