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Euro tumbles as Draghi promises more stimulus if necessary

Nov. 06, 2014 8:43 AM ETFXE, ERO-OLD, URR, DRR, ULE, EUO, EUFXBy: Stephen Alpher, SA News Editor2 Comments
  • ECB officials are unanimous on providing more stimulus if needed, says Mario Draghi early in his post-policy meeting press conference, attempting to put to bed rumors of major disagreements among his crew.
  • The comment is enough to send the euro (NYSEARCA:FXE) tumbling more than 100 pips in the space of a couple minutes to more than a two-year low at $1.2431.
  • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
  • Previously: Policy on hold at ECB
  • Previously: Knives out for Draghi

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