European Session – Euro fluctuates due to ECB; oil surges as inventories fall
Posted on September 8, 2016 at 3:22 pm GMTIn the absence of any major economic data releases during the European session, the highlight of the day was the ECB meeting and press conference by ECB Chief Mario Draghi. The euro was trading firm ahead of the decision but when the ECB announced that it was maintaining its current monetary policy, the single currency jumped higher. The euro rose above the key 1.1300 level as Draghi spoke and reached a fresh September high. As the dust settled after the [..]