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Draghi hints to additional easing in December

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Speaking today, ECB President Mario Draghi sounded ready to ease further stating, “we will do what we must to raise inflation as quickly as possible”. EURUSD reacted quickly by dropping 40pips to 1.0664. The high conviction verbiage sounded very much like this "whatever it takes" comments which held the EU together in 2012. The rest of the speech was decidedly dovish as risk to price stability were to the downside. we expect December will include expanded asset purchases,

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