Dovish ECB story on MNI

Hopefully we will get the story on ForexLive soon.

Traders blame the dip in EUR/USD to a story on Market News International saying that the ECB will delay its exit strategy and have at least one more three month refi operation with full allotment, essentially lending any bank all they want at a fixed 1%.

Weakness in the periphery of the EU as well as in the US are the catalyst for the delay, MNI says.