Euro is under the pressure on the comments of the ECB President Draghi

The single currency slowed growth against most competitors after the comments of the ECB President M. Draghi. He noted the high degree of vulnerability of the countries of Central Europe to the risks of a trade war, since the eurozone is heavily dependent on foreign trade, especially the automotive industry.

Such statements Draghi heightened market concerns about a trade war and possible US duty on cars with the EU. Such risks can also be exacerbated by political risks in the UK, where, after the Euro-skeptics came to power, an increase in the tension of trade relations between the EU and the UK is expected.

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Hanzenko Anton

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