Draghi away to euro 1.14 – Investing.com Spain

Investing.com – The euro lost ground at top speed and already stands almost 50 points below the psychological barrier of 1.14, weighed down by the pessimistic tone of the speech in the morning by.

the governor of Europe’s top monetary authority, during his speech at a convention in Brussels, stressed that after years of weak growth, productivity in the euro area has been reduced, which has raised the risk of permanent damage to the European economy.

therefore, Draghi has appealed for the umpteenth time the governments of the member countries of the euro zone to take a step to front and take the necessary structural measures to help restore economic growth and achieving the inflation targets.

“there are many understandable political reasons for delaying structural reforms, but there are very few economic reasons to do so. The cost of these delays is simply too high “, has broached the pattern of European banks.

The words of the first sword of the ECB have had a clearly bearish effect on the common currency, as you can see at the crossing. After hitting session highs a few hours before Draghi’s intervention in the 1.1416, the pair faced his speech at the 1.1395, at which accelerated its downward path until you reach the sidelines of an hour to 1, 1376 and get off at the next 20 minutes to $ 1.1353 per euro.

the news has also reinforced the presence of the ‘bears’ in major stock markets, starting the European session lower following declines in Asian stocks, with setbacks after the first hour of trading for 0.77%, 1.35% and 1.09% for for.

Disclaimer: Fusion Media would like to remind you That the data Contained in this website is not Necessarily Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and May Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. Fusion Media doesn`t bear THEREFORE any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or as a result of damage reliance on the information Including data, quotes, charts and buy / sell signals Contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.