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EUR/USD > 1.25 as Draghi’s jawboning isn’t working

The European Central Bank is probably unhappy by the strong euro but Draghi struggles to express it. His weak jawboning allows the euro to shoot for the skies, breaking well above 1.25. Draghi seemed uncharacteristically lost for words but he doesn’t like Mnuchin’s intervention but is also unable to do anything about it.    He probably never had a chance  And when will they taper the bond-buying program? We’ll have to wait and see but the euro certainly doesn’t wait.

Here is the live blog, as it happened:

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.