All eyes on the ECB and its dovish stance weighed anew on the euro which surrendered most of its gains from the day before that largely stemmed from somewhat underwhelming news on the U.S. consumer.
As expected, the ECB left its main lending rates unchanged and its recently implemented €60 billion a month QE program intact. At his post meeting news conference, Mr. Draghi held steadfast and dovish, saying the bank would continue full steam ahead with its growth positive, euro-negative QE program and implement it fully - seen taking until September 2016, at the earliest.
The euro should remain at risk to plumbing new multiyear lows given the different paths of policy in Europe compared to the Fed that is moving toward a rate hike.


RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200
Trump to Swear In Kevin Warsh as New Federal Reserve Chair Amid Inflation Concerns
BOJ Rate Hike Expectations Grow as Inflation and Weak Yen Pressure Japan Economy
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns
BOK Seen Holding Interest Rates Steady as Inflation Risks Rise in South Korea
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026
ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 



