European Central Bank will be still ready to react to the excessive EUR strength aggressively, making no mistake. Nevertheless, for now it is being blamed for disappointing market big time on rate cut, as well as QE extension in volume terms.
The central bank members would be unable to fight immediate currency strength verbally, their comments were less relevant. That is the price one pays for misleading the markets.
"As a result any USD weakness is likely to be reflected in EUR-USD", noted Commerzbank.
Currently USD is trading at 0.9124 against EUR.


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