Has Draghi Failed to Deliver Something New for the Bears?
The euro reached a three-week low Thursday after European Central Bank President Mario Draghi refrained from announcing any expansion to its bond-purchase program and said officials will wait until the economic impact from Brexit is clearer. The single currency fell against most its 16 major counterparts. While economic risks are tilted to the downside, euro-area markets have weathered recent volatility well and financing conditions remain “highly supportive,” Draghi said at a news conference in Frankfurt. ING Head of Foreign Exchange Strategy Chris Turner discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.
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