Draghi speech: CPI likely to decline toward the turn of the year

Mario Draghi, President of the ECB, continues to make comments on the monetary policy, with key headlines, via Reuters, found below:

• Survey data point to broad based growth
• Policy measure support domestic demand
• Global recovery supports trade, euro zone export
• Growth risks broadly balanced
• Cyclical upswing raises chance of stronger than forecast upswing
• Downside growth risks relate to global factors
• Downside risks also related to FX
• CPI likely to decline toward the turn of the year

Key notes:

EUR/USD eases from tops on steady ECB, near 1.1980

The single currency stays within range after the European Central Bank left its monetary policy intact at today’s meeting, with EUR/USDaround the 1.1970/80 band.

EUR/JPY unfazed around 130.40 post-ECB

The EUR/JPY cross trimmed some of its early gains and retreated back below mid-130.00s post ECB announcement. 

ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.