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Draghi Unmoved: Opportunities in EUR/USD and EUR/JPY?
The European Central Bank overnight, kept interest rates on hold at zero as expected. But with the whirlwind of uncertainty that surrounds a post-Brexit Eurozone including stubbornly low growth and a struggling Italian banking system, Draghi’s press conference was, as always a media gold mine, that kept markets hanging on his every word. Speaking of Brexit, it’s looking like the ECB isn’t too perturbed by it: “Euro area financial markets have weathered the spike in uncertainty and volatility with encouraging resilience.” While Draghi continues to make it clear that they are willing and able to deal with any ... (full story)