That's helping to contribute to the slight easing in the euro as well this session
Reuters is highlighting that money markets are now pricing in only a 50% chance of a 10 bps rate hike in September next year when it was about 90% at the start of the week. A full 10 bps rate hike is only seen in December 2019 now, and that is pushed back as well from previously being fully priced in for October 2019.
There wasn't any new language per se by Draghi yesterday but recent economic data has been enough to suggest that the central bank may be a little too confident for the time being. So far, it's a minor change and one that is still a long time away but this does affect euro sentiment and the tone over the past few weeks have been a little more pessimistic as Germany's growth continues to stagnate/flag, Italy's debt/budget situation is still unresolved, and the inflation outlook isn't as solid as one would expect.
