The dust is still settling after ECB President Mario Draghi shook up the markets this morning at this press conference following the ECB monthly meeting. At that meeting, the ECB decided to lower interest rates by 25 bps to 0.50%. Following that announcement at 7:45 AM EST, the EUR actually began to appreciate from the level of 1.3150 to a little above 1.3215. While most would argue that lowering the rates should have seen the EUR go lower, the move was so expected and “priced in”, that the currency went higher. But that was just the appetizer! The main course was still to come.Over the last few months, traders and ... (full story)