Draghi Won’t Stop the Euro’s Slide
From blogs.wsj.com
European Central Bank President Mario Draghi may have sounded less dovish than many expected after the central bank’s meeting Thursday. But that doesn’t mean the euro’s recent slide, especially against the dollar, won’t continue. If anything, Mr. Draghi’s comments highlighting reduced inflation pressures and a poorer outlook for growth in the euro zone mean that the central bank could be even more sensitive to poor regional economic data in the future. And that is where the problem for the euro arises. Optimists are still hoping that recent positive sentiment surveys will translate into a stronger economic upturn ...
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