Seeking Alpha

Draghi warns of strong euro

  • Mario Draghi is warning that that euro zone recovery is at risk with a strong euro and highlighted that large-scale purchases of public and private debt do fall within the ECB's mandate to keep inflation low and stable.
  • EU growth has been facing a difficult time with the appreciated exchange rate threatening price stability. The euro came close to the $1.40 level in recent months from 1.20 against the dollar in mid-2012.
  • Draghi has also urged EU member states to implement tougher structural reforms to boost economic development.
  • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
Comments (1)
  • 11146471
    , contributor
    Comments (986) | Send Message
     
    Short the Euro.
    15 Jul 2014, 10:18 AM Reply Like
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