ECB Press Conference
The European Central Bank’s policy is behind most trends of the single currency. The ECB extended its bond-buying program until December 2017 at its last meeting. This decision provoked a selloff in the euro.
Traders are awaiting the press conference of the ECB head Mario Draghi in order to see what’s his take on the European economy and whether the central bank is still confident about the extremely loose monetary policy it has chosen. The press conference is to start at 15:30 MT time.