Flash: ECB less dovish – TD Securities

FXstreet.com (London) - Research teams at TD Securities explain that for the EUR, Draghi’s comments at yesterday’s ECB meeting may have been mildly less dovish than the market was anticipating, but that clearly didn't justify the huge move higher in EURUSD.

They suggested that within Europe it is worth noting the particularly strong German industrial production numbers this morning which set up Germany for quite a robust GDP figure in the second quarter and this continues to contrast activity in most of the Eurozone.