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Draghi: Risks remain to the downside, he says, announcing cuts to the ECB's EU GDP growth (or...

  • Thursday, March 7, 8:45 AM ET
    Draghi: Risks remain to the downside, he says, announcing cuts to the ECB's EU GDP growth (or contraction) forecasts for 2013 and 2014. The euro (FXE) shoots higher, now +0.7% at $1.3058. Go figure.
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This news story has 2 comments:

  •  
    Just short the E$ with DRR or EUO and sit back with your feet up and order a lobster and martini. Maybe a cruise to the Caribbean..
    Capt. Brian
    The Lost Navigator
    7 Mar, 09:05 AM Reply Like
  •  
    Yes, news suggest new stimulus more likely, which should suggest a lower EUR. Unless this reflects belief that EU situation already so bad anything that ups its chances of survival, which are still very much in question despite official comments otherwise, is somehow ultimately good news because at least EUR survives. Have seen this line of thinking before.
    7 Mar, 02:10 PM Reply Like
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