European Session – Dollar rises on strong durable goods orders, euro down on Draghi comments
Posted on April 24, 2014 at 1:38 pm GMTThe euro fell against most counterparts after ECB President Mario Draghi’s comments which suggested the central bank would be ready to embark on quantitative easing if the Eurozone inflation outlook worsens. Speaking at a conference in Amsterdam today, Draghi also remarked that a strong euro could trigger policy action as well. The euro erased gains versus the dollar made after German Ifo data which showed an improvement in the business climate. The euro fell 0.20% to 1.3792, after having hit [..]