Draghi says that euro exchange rate is not a policy target for the ECB

Author: Mike Paterson | Category: Central Banks

More from the ECB pres

  • says recent euro strength is due to some extent of return of confidence in the ccy
  • euro exchange rate is important for price stability and growth

So it’s not a policy target but it’s still very important which means they will be keeping an eye on it

Thanks for coming

EURUSD has finally fallen through the strong support at 1.3050. currently 1.3043 after 1.3037 lows

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