Reuters with the scoop that’s scuppered the euro

  • Sources say that Draghi will announce the ABS program at today’s meeting
  • Program will have a 3 year duration comprising of ABS and covered bond purchases and could start buying this year

20 pips was what that headline was worth as we hit 1.3120 as Reuters cite “people familiar with discussions”

It looks like we’ve been tipped the nod but nothing will be confirmed until the announcement or more probably, the presser.