Talk Is Cheap for Euro as QE's Diminishing Returns Thwart Draghi
- ECB chief reiterates willingness to ease, yet currency gains
- Debatable whether more stimulus can weaken euro: Investec
European Central Bank President Mario Draghi
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Traders are losing their faith in Mario Draghi’s ability to weaken the euro.
The European Central Bank president has reiterated at least four times since the start of September that he’s willing to expand the region’s money supply to stimulate the economy, yet the shared currency has jumped 1.6 percent against the dollar.