FXStreet (Guatemala) – EUR/USD is trading at 1.2391, down -1.21% on the day, having posted a daily high at 1.2569 and low at 1.2375.
EUR/USD has settled in for a negative close for the week and a touch of the November lows. Just as markets were weighing up whether the dollar has any more “go” in it, Draghi delivered his most dovish speech of recent times indicating that they are likely to act in some shape or form and soon and markets are set for action to take place at the next meeting.
Draghi has indicated that they are prepared to do whatever it takes to lift inflation to their target, almost as a matter of emergency. Analysts at BBH explained that Draghi’s comments hold out the possibility that the ECB will announce an increase in the range of assets at the next meeting, at which the staff macro forecasts are likely to be cut again.
EUR/USD downside wide open again