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EUR: Draghi’s optimism proves infectious

By Smart Currency March 10th, 2017

Yesterday was an important day for the Eurozone, starting with the ECB leaders’ summit along with the deposit facility rate which came out as expected.

This was followed by the ECB interest rate decision which resulted in no change. Draghi spoke at the ECB press conference and said that the central bank is to keep its aggressive stimulus policy at least until the end of the year.

The euro strengthened slightly against both sterling and the US dollar.

Today we will see a lot of data out of Germany, starting with German exports, imports, trade balance and the wholesale price index. This will be closely followed by French industrial production figures.