Draghi is speaking on a panel in Portugal. He says some parts of the EU have made significant progress while others are lagging behind. He says the ECB will do everything feasible for the economy within its mandate. EUR/USD is about 10 pips above the post-durable goods orders low of 1.3627. There’s a large option expiry at 1.3620 and a potential barrier at 1.3600. Update: Draghi adds that he doesn’t see deflation risks, which is a refrain. (full story)