5 years agoJun 15, 2018 5:21
In Thread: Euro Moves Far from Brutal
I know this is old thread but the title somewhat fits....am I the only one that thinks the move in the EUR/USD today was brutal? Unjustified? Draghi says QE will end by Q4 and ECB will begin to raise rates next year. Plus he also was very positive about inflation, substantial progress, I believe we're his words and I believe he said economy has showed healthy growth....and with these words he got the euro to drop almost 300 points in like 12 hours?? Something doesn't add up. I've heard Draghi speak much more dovish than this, if this is even dovish talk at all, and the euro doesn't react like this...is it possible the ECB could interfere or manipulate the currency? The EU, I'm sure, is not happy with Trump and his tariff threats.Is it possible, the ECB could weaken the euro artificially in retaliation to Trump's trade threats? Making their exports more attractive. Is it possible? Does it even make sense to do that?..... Something doesn't add up. I'm missing something.