Euro reaches session peaks on hawkish Draghi remarks

Euro reaches session peaks on hawkish Draghi remarks

On Tuesday, the common currency edged up to the day’s peaks after European Central Bank President Mario Draghi told that there’re quite clear signs of a broadening and strengthening revival underway in the euro zone area.

The currency pair EUR/USD edged up 0.53%, trading at 1.1239, the highest value since June 14.

Draghi told that the ECB sees surge, which is above trend and perfectly distributed across the euro area, though repeated that a considerable degree of stimulus is still required in the euro zone, and the ECB needs to be prudent in how to unwind it.

The comments arose at the ECB’s central banking forum i during the keynote speech, Portugal.

Mario Draghi told that the ECB’s policies have turned to be effective in rebuilding inflation, though stressed that the reflationary process was being hampered by a slew of external price shocks, altering relationship between inflation and slack.

Similar

The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera