The dust settled after Draghi’s confident press conference and the expanded QE in the UK. We now see the dollar regaining some of its losses. Where are markets headed?
Michael Derks of FxPro summarizes the central banks action seen earlier (and other topics) in the day in the video below.
You can follow more commentary on FxPro’s website.
Mario Draghi had a “one more thing” moment earlier, where he explained in what manner the ECB could help Greece: by releasing profits to governments. This is different than monetizing debt.
Yet again, Draghi found an indirect path of aiding. The same was seen with the LTRO, which was an indirect QE operation.
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