US Session – Euro falls after Draghi hints on further rate cuts
Posted on May 6, 2013 at 8:44 pm GMTAfter a quiet European session, the euro finally made a move during the US session and fell against the dollar after European Central Bank President Mario Draghi said that the central banks is ready to cut interest rates again if needed. Draghi’s remarks come just a few days after the ECB cut the main interest rate by 25 basis points to a record low 0.5 percent. After last week’s ECB policy meeting, Draghi also mentioned the possibility of negative interest [..]