ECB will stay in the market – ECB’s Draghi

In the last part of today’s press conference, President Mario Draghi added:

There is no link between yields and reform willingness.

Cash will be accepted for PSPP Lending program up to EU50B, and the pricing will be linked to the deposit rate facility.

ECB to accept cash as collateral in securities lending program.

EUR/GBP tumbles near 0.8430 on Draghi

EUR/GBP has picked up extra downside pressure today following Draghi’s press conference, testing fresh lows in the 0.8440/30 band. EUR/GBP weaker on
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US Dollar reclaims 101.00 following the ECB

The US Dollar Index – which measures the buck vs. a basket of its main rivals – has jumped to levels above the 101.00 handle following today’s ECB mee
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