Friday’s session was hallmarked by comments from ECB President Draghi, which kept markets on the scent for a range of easing measures at next week’s hotly-anticipated meeting. As a result, EUR underperformed among currencies, and European equities reversed early losses. AUD bucked the G10 trend to break higher against the USD. Draghi said that policymakers would “do what we must to raise inflation as quickly as possible,” in a keynote speech delivered to a Banking Conference. I would be surprised if the overtones of ‘do whatever it takes’ (à la Draghi, 2012) was a complete coincidence.
Recent Comments