Skip to content
Subscriber Only

Draghi, a Rabbit, the Euro and the Magic Trick Traders Envision

  • Euro has 70% chance in options market of matching 12-year low
  • Even with exchange rate falling, inflation remains just 0.1%
Updated on

Mario Draghi needs to come up with something to surprise currency traders next week or risk a euro rebound that would threaten his efforts to boost inflation.

The good news for him is that strategists are gaining confidence the European Central Bank president will pull it off and exceed the market’s expectations for monetary easing at the Dec. 3 policy meeting.