In his prepared statement delivered at the fortieth meeting of the International Monetary and Financial Committee in Washington, Mario Draghi, President of the European Central Bank (ECB), repeated that the ECB’s Governing Council continues to stand ready to adjust all of its instruments as appropriate.
“The effectiveness of monetary policy can and should be enhanced by other policies,” Draghi added. “The resilience of the euro area banking sector remained solid. There are mild signs of overstretched valuations in the euro area in some riskier segments of the financial markets.”
The EUR/USD pair largely ignored these comments and the EUR/USD pair was last seen trading at 1.1145, adding 0.2% on a daily basis.
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