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Draghi complains about euro strength – euro ignores and

ECB President Mario Draghi put the exchange rate firmly on the table. The high euro dampens growth and inflation forecasts and were mentioned very frequently. What about QE tapering? The bulk will come in October, rather than December.

EUR/USD ignores the complaints and rises some 80 pips.  Preview: ECB Preview: Low expectations could send the euro shooting higher.


  • We will make a decision in the Autumn – bulk in October
  • Only a preliminary discussion now
  • Growth is good, 6 million jobs added since 2013
  • But the exchange rate is worrying, dampening growth and inflation
  • Inflation is rising moderately but lacking a sustained upward trend

Here is how the move looks on the 30-minute EUR/USD chart:

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.