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Draghi did not break much new ground in his monthly press conference. His introductory remarks sounded a bit hawkish regarding inflation, saying it will hold above 2% this year, but he noted in the Q&A that he has no particular inflation concerns.
He repeated several times that downside economic risks prevail and he called talk of an exit strategy from LTO premature.
EUR/USD (FXE) remains pressured after the presser, holding below the uptrend broken earlier this morning at 1.3127 and the 100 day moving average at 1.3157. Those levels will become important on a closing basis.
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