Earlier today, the ECB left interest rates unchanged at 0.00%
The accents of Mario Draghi's speech
- QE will continue after September if necessary
- Inflation remains a major problem for the ECB and its subsequent decisions
- Interest rates will remain close to zero over a long period of time, and their change will come late after the termination of QE
- The latest economic data showed a slowdown in the euro area, but we expect growth to remain stable
- Inflation seems to stay around 1.5% by the end of the year
- Global risk, including trade, has increased dramatically
EUR/USD has a strong volatility and a slight upward trend.
DAX is down
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