ECB Leaves rates unchanged – on to Draghi Drama

Draghi1

No change from the ECB, as expected. The euro remains almost frozen in anticipation of Draghi’s words, especially after the all talk this week.

The ECB was widely expected to leave the main lending rate unchanged at 0.05% and the deposit rate at -20%. Draghi has already stated that rates have reached their lower bound, so there’s no surprise there.

EUR/USD managed to rise above 1.25 towards the decision. All eyes are on Draghi now. What will he say in the press conference? Join Valeria Bednarik and I for a live video coverage of the ECB event.

Here is the video feed and some background information on Forex Crunch: http://ow.ly/3tUpAi

Read More