US Session – Euro tumbles to 2-week low on Draghi comments
Posted on February 7, 2013 at 8:15 pm GMTThe euro fell to a two week low against the dollar on Thursday after comments by European Central Bank President Mario Draghi who highlighted the dangers of a strong euro and the effect it might have on inflation. He said euro strength will be monitored and that the ECB’s monetary policy is still accommodative. His remarks were interpreted to mean that he left the door open for possible rate cuts in the future if necessary. The ECB kept its benchmark [..]