Mario Draghi — News Archive

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Euro Rallies Against US Dollar as US Q2 GDP Estimate Misses Expectations

The EUR/USD currency pair opened today’s session with a bearish outlook given the dovish outlook painted by ECB President Mario Draghi yesterday, which led to a bearish ‘outside day.’ The currency pair was on a downtrend up to the early American session when the flash US Q2 GDP report was released, which boosted the pair.

Euro Drops Against Peers on Draghi Speech and ECB Rate Decision

The euro today headed lower after the European Central Bank‘s interest rate decision and the press conference following the announcement. The euro gave up most of yesterday’s gains that were triggered by President Donald Trump‘s decision to remove the pre-announced tariffs on car imports from the EU.

Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines

The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session.

Euro Declines on Escalating Trade Tensions and Draghi Speech

The euro today declined significantly against the US dollar even as trade tensions between the USA and China escalated increasing demand for the greenback. The EUR/USD currency pair declined further in the early European session following dovish comments by the European Central Bank President regarding the timing of the bank’s first interest rate hike.

EUR/USD Hits New 2018 Lows Despite Positive Eurozone CPI Data

The EUR/USD currency pair today hit fresh 2018 lows in the mid-European session despite the release of mostly positive Eurozone CPI data. The currency pair had a muted reaction to the European Central Bank President Mario Draghi’s speech in Frankfurt today, but headed lower triggered by the stronger US dollar.

EUR/USD Rallies Briefly on ECB Decision and Draghi Speech, Later Declines

The EUR/USD currency pair today rallied briefly after a speech by the European Central Bank President Mario Draghi following the bank’s interest rate decision. The currency pair’s decline was triggered by the resurgence of the US dollar following reports that top US government officials were heading to China for talks on the ongoing US-China trade war.

Euro Rallies Against US Dollar on Draghi Speech and US CPI Data

The euro today rallied slightly higher against the US dollar following the ECB President, Mario Draghi‘s speech at an event in Frankfurt. The euro kept rising after the release of the US Consumer Price Index data despite the core inflation print being in line with expectations.

Euro Trades Lower on Mario Draghi’s Dovish Comments

The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline.

EUR/USD Rallies Higher on Trump Firing Rex Tillerson

The EUR/USD currency pair today rallied to new highs after President Trump fired Rex Tillerson as Secretary of State and nominated Mike Pompeo the CIA Director as his replacement. The pair was on an uptrend from the early European session after the European Central Bank‘s Governing Council member, Philip Lane hit the wires stating that the bank was not worried about the euro’s current level.

EUR/USD Plummets on Draghi Speech After ECB Rate Decision

The EUR/USD currency pair today plummeted to new lows following comments made by Mario Draghi regarding weak inflation in the euro area. The currency pair retraced all the gains it had made after the European Central Bank left its monetary policy intact at today’s meeting.

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