Author: Eamonn Sheridan


I posted earlier on Draghi's comments over the weekend, here's the link: Weekend comments from ECB head Draghi ... You really need to read his euro comment

From that post ... Draghi said "It is pointless to go short on the euro" ... but the comment needed to be read in context. From the comments, it was also helpfully pointed out:

It would be "pointless" to bet against the single currency, Draghi said in 2012, adding on Saturday that he would "say exactly the same words today."
So he is saying he wouldn't go back on something he said in 2012. Lets not get carried away. I'm pretty sure a Grexit would trump something he said in 2012.

Here's the thing, though ... the Bloomberg is now carrying the headline.

Its one of the 'red' headlines:

This may well provide enough fuel for a EUR/USD run on shorts in thin NZ trading. We'll soon find out.

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