Search ForexCrunch

Mario Draghi, President of the ECB, is now responding to questions from the press with key quotes, via Reuters, found below.

  • Broadly balanced assessment shared by all policymakers.
  • Weaker foreign demand could be a product of euro’s exchange rate vs  EM currencies.
  • Countries should take advantage of low rates to rebuild financial buffers.
  • We see a pick-up in nominal wage growth everywhere.
  • We project slightly lower oil prices, but significantly stronger core inflation.

Related articles

EUR/USD closer to 1.1700 on Draghi, softer US CPI.

The bid tone around the European currency is now gathering further traction, lifting EUR/USD to the boundaries of 1.1680, or fresh monthly peaks.

ECB: Sleepwalking to the QE exit – ING.

Carsten Brzeski, Chief Economist at ING, notes that the ECB has just announced a reduction of monthly QE purchases and has left forward guidance unchanged.

About Mario Draghi

The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the  ECB  observes the current European economy. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.