Draghi is dovish – no yield limit, downside risks-

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Draghi adds fuel to the fire: no deposit rate limit for bond buys from January. In addition, he talks about downside risks. This weighs heavily on the euro. Maturities are wide: 1-30 years. The ECB can extend the program beyond 2017 and re-increase the scale above 60 billion euros. This comes after the big announcement earlier. 

The ECB announced a tapering of the QE program to 60 billion from April. The program will run through December 2017. 9×60 instead of 6×80. The total is more money printing

Analysis: Draghi’s 5 dovish moves – more falls for EUR/USD?

More details await in the live blog and live coverage below.

ECB Live Blog – as it happened

ECB Live Coverage

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About Author

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 the 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.

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