EUR/USD: Draghi's blues

EUR/USD Current price: 1.1126View Live Chart for the EUR/USD ECB's President, Mario Draghi, hammered the EUR by being far more dovish than what the market anticipated, triggering a 100 pips decline in the EUR/USD pair, down to 1.1106 so far today, a fresh 2-week low. The Central Bank lowered its growth and inflation forecasts as anticipated, and increased the issue share limit to 33% from previous 25%, although it will review it on a case-by-case basis. Additionally, the ECB indicated that it could expand its stimulus programs according to needs.
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