Dovish ECB triggered renewed selling in the single currency. EURUSD fell to a fresh 3-month low of 1.0627 before settling at 1.0642, down -0.19%, while EURCHF resumed the decline after rebounding over the past few days. As ECB President Mario Draghi noted in his speech, it is “clearly too soon to declare success on inflation” and he saw “no need to deviate from wording of forward guidance”.
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Hopes of Early Tapering Fade as Draghi Sees Little Need to Adjust Guidance
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