020 7898 0500After Monday’s slightly pessimistic comments, the euro reversed its losses after ECB President Draghi took to the stand once more. He was speaking for the second consecutive day at the ECB Forum. His comments and change of tone surrounding the economy resulted in some strengthening of the single currency. Draghi stated that stimulus is still required to support the eurozone economy, but the scale of that support is not as sizeable as it was.
Like Carney, Draghi is scheduled to speak once again today, where he will participate in the same discussion on central banking. If his comments lean further towards a less accommodating policy we could see some euro strength.
