Euro moves higher as Draghi gives press conference

|By:, SA News Editor

Euro area growth risks remain on the downside, says Mario Draghi at his press conference (webcast) following the ECB decision to leave policy unchanged. The most recent signs points to a somewhat weaker economy in Q3, he adds.

In other comments, Draghi says there was a discussion of a rate cut and gives a nod towards a euro acting somewhat strong of late, saying the exchange rate is important for the growth outlook. He says he's "closely monitoring."

For whatever reason, the euro (FXE) moves higher as the press conference moves on, now +0.3% at $1.3570.

Other euro ETFs: ERO, ULE, URR, EUO, DRR, EUFX.