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9 Jan 2015
EUR/USD: Draghi fuelled sell-off - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation ABN noted the conditions surrounding the EUR overnight.
Key Quotes:
"A letter by ECB president Draghi in response to a question from an EU MP largely reiterated comments made elsewhere, but its publication encouraged further euro selling".
"Draghi said the policy review “early this year” could see ECB asset purchases adjusted, including the purchase of sovereign bonds".
"EUR/USD slipped from 1.1820 late Asia to a 1.1754 low, steadying near 1.1790 in the Sydney morning".
Key Quotes:
"A letter by ECB president Draghi in response to a question from an EU MP largely reiterated comments made elsewhere, but its publication encouraged further euro selling".
"Draghi said the policy review “early this year” could see ECB asset purchases adjusted, including the purchase of sovereign bonds".
"EUR/USD slipped from 1.1820 late Asia to a 1.1754 low, steadying near 1.1790 in the Sydney morning".