Draghi: Conditions Have Improved –EUR/USD Rises

Apr 21, 2016 at 10:43 AM EDT

EUR/USD ends the press conference higher than it began, deep in the 1.1335 to 1.1410 range. All in all, the dip seen yesterday was a buy opportunity. The mood swings in the USD seems to move the pair more than anything else.

The European Central Bank left its policy unchanged in today's April meeting. Now awaiting Draghi: He could lay out an updated assessment of the inflation situation and perhaps hint if the door is open or not to further rate cuts and even “helicopter money”. In the meantime, EUR/USD is surging back to the previous range, but this is USD-sell-off related.

Here is the full preview and below you can see the live coverage:

ECB Live Blog

Last Update : 2016/04/21 09:31 EST

09:31 Wrap up: Draghi sees glass half full - EUR/USD up

Conditions have improved.

Helicopter money was not discussed.

No urgency in further cutting rates.

The only negative was a mention that interest rates will remain at curent or low levels well beyond the end of QE.

EUR/USD ends the press conference higher than it began, deep in the 1.1335 to 1.1410 range. All in all, the dip seen yesterday was a buy opportunity.

The mood swings in the USD seems to move the pair more than anything else.

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