, Columnists
Draghi Trips Over Euro on Way to QE Exit
Traders have every reason to keep buying the common currency.
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European Central Bank President Mario Draghi is discovering that exiting quantitative easing is harder than introducing it.
The more the euro rises, the more downward pressure it puts on inflation, making it harder for the central bank to taper its bond-buying program, which in turn boosts the euro. It's a vicious circle, driven largely by the improved economic outlook for the bloc.