Draghi says no backing down from QE target

Draghi keeping the pedal to the floor.

• ECB stimulus must be fully implemented to work

With yields so low and worries about the lack of available supply for the 60 billion/month QE program, there was some chatter about the ECB backing away from its 1 trillion euro target.

He's been consistent but the euro fell a bit on the comment.

Overall, the market moves in the press conference have been minimal.