Mario Draghi — News Archive

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Euro Trades Sideways on Mixed Eurozone PMIs and ECB Minutes

The euro today traded with significant moves in both directions within a wide range as the single currency was buffeted by shifting investor sentiment throughout the session. Investors reacted both positively and negatively to various key developments during the day such as the Markit Germany Services PMI causing the EUR/USD pair to whipsaw within a wide range.

Euro Keeps Rising From 5-Week Lows Despite Mixed German IFO Data

The euro today rallied from 5-week lows hit yesterday following the ECB monetary policy decision and the balanced policy stance outlined by Mario Draghi. The EUR/USD currency pair’s rally started in the Asian session driven by a shift in investor sentiment and also as a pullback from yesterday’s crash.

Euro Hits Weekly Lows on Weak PMIs, Rallies on Draghi Speech, Later Declines

The euro today fell to new weekly lows in the early European session following the release of weak PMI prints from across the eurozone by IHS Markit. The single currency later rebounded following the announcement of the European Central Bank’s monetary policy decision and a balanced speech by the ECB Governor.

Euro Declines on 5-Year Low German GDP Data and Dovish Draghi

The euro today dropped significantly against the US dollar from the early European session after attempting to rally higher during the Asian session. The single currency’s decline was initially triggered by the US dollar’s rebound before the weak German GDP data caused it to crash to new weekly lows.

Euro Rallies Ahead of ECB Rate Decision, Drops on Dovish Draghi Speech

The euro today rallied before the European Central Bank rate announcement, but dropped lower after the dovish comments made by the ECB President following the announcement. The pair headed lower in the American session despite the release of disappointing American macro data.

Euro Rallies on Italian Budget Hopes, Declines on Weak German Data

The euro today rallied higher against the US dollar from the Asian session into the early European session on hopes that the Italian government would amend its budget plans. The EUR/USD currency pair later headed lower after the German IFO business survey data missed expectations and Mario Draghi‘s speech had no new insights.

Euro Rallies on Draghi Speech, Later Declines on Eurozone CPI Data

The euro inched higher against the US dollar in the Asian session and jumped higher in the early European session after Mario Draghi’s mostly hawkish speech in Frankfurt. The euro then headed lower against the greenback following the release of the latest eurozone CPI data, which was in-line with expectations.

Euro Heads Lower After Turbulent Week, Recovers on US GDP Data

The euro today broke out of a consolidative phase against the US dollar in the early European session as concerns regarding Italy and the global equity markets selloff weighed on the single currency. The EUR/USD currency pair later found a floor just before the release of the latest US GDP growth data in the early American session and rallied slightly on the news.

Euro Rallies From Trading Range After ECB Decision, Later Declines

The euro today broke out of the range it was trading in for the earlier part of the session after the European Central Bank announced its monetary policy decision. The EUR/USD currency pair rallied higher after the ECB announcement where it maintained its current monetary policy direction as was expected.

Euro Surges After German Business Climate, Draghi’s Comments

The euro edged up today after the better-than-expected German business climate print and rose further sharply following comments from European Central Bank President Mario Draghi. As of now, the currency has lost its gains versus the US dollar, trimmed them against the Japanese yen, but kept them against the Swiss franc.

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