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:Get the 5 most predictable currency pairs