Draghi speech: Too early to assess content of US-EU trade meeting

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

• We took note of US-EU deal.
• Too early to assess content of US-EU trade meeting.
• Outcome of US-EU trade meeting is a good sign.
• Didn’t discuss reinvestments.

Related articles

EUR/USD trims losses, keeps 1.1700 post-ECB.

The shared currency remained apathetic after the  ECB  decision today, with  EUR/USD  a tad lower in the 1.1715/10 band.

ECB Governing Council monetary policy statement July 26.

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

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).