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Draghi press conference (live here): The euro turns tail as Draghi talks about risks to the...

Draghi press conference (live here): The euro turns tail as Draghi talks about risks to the downside and specifically mentions the currency's strength as one of those risks. Up earlier, the euro now -0.4% and buying $1.3462. FXE -0.5% premarket. European stocks are at session highs, the Stoxx 50 +0.6%.
Comments (4)
  • Tomorrow hell explain he was just feeling bad but after a dose of Herbalife hes back to the bull and go Dragi
    7 Feb 2013, 10:47 AM Reply Like
  • A stronger relative euro is of no benefit to the export-centric EU. Draghi and the ECB could solve two problems at the same time by easing monetary policy and stimulating the local economies. Apparently, they don't seem to accept this fact.
    7 Feb 2013, 11:29 AM Reply Like
  • Some folks find solace in self-flagellation in the name of austerity.
    7 Feb 2013, 12:47 PM Reply Like
  • I wouldn't worry about the EURO strength as Fx typically affect economies longer-term
    7 Feb 2013, 11:32 AM Reply Like
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