The ECB: We have seen the peak for EURUSD. As described yesterday, it would be negative for EUR if Mario Draghi chose to comment on the recent appreciation of EUR. He chose to do so – and EUR weakened as expected. Draghi said that a higher EUR rate would entail the risk of downward pressure on inflation. Moreover, Draghi voiced a fairly negative view of the economy, which is still showing signs of weakness. On the other hand, he had a positive view of the LTRO repayments, which he considers an
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Draghi’s comments with long-term repercussions for EUR