The results of the press conference of the ECB head M. Dragi - Ester Holdings
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The results of the press conference of the ECB head M. Dragi

At the beginning of the press conference Draghi repeated the main provisions of the ECB, noting that the eurozone economy continues to grow, the Central Bank is ready to adjust the monetary policy if necessary, the core inflation continues to grow at the expected pace. At the same time Draghi noted that it is too early to judge the results of trade relations between the US and the EU. The recent negotiations on this issue have become a good sign. In conditions of a full-scale trade confrontation, the economic climate would be different.

As a result, the speech of the head of the ECB M. Draghi was restrained positive, but the market did not hear any reasons for the growth of the euro, which affected the single currency. The ECB policy remains largely restrained and cautious, which may have a limiting effect on the euro. The overall driver of the market remains the dynamics of the American currency.

 

Read also: “Build a profitable business – assessing the strengths of the Stock, Commodity and Currency markets”

Hanzenko Anton

 

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Topical articles of the trader’s blog:

  1. Stock indices: European Union
  2. Emerging markets and their prospects: Russian Ruble (RUB)
  3. Stock indices: the US market

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