EUR plummet ahead of ECB and Draghi speech
Publish Date : 2019/09/12 - 05:32

EUR plummet ahead of ECB and Draghi speech


EUR prices decreased significantly ahead of EUROPEAN CENTRAL BANK(ECB) announcement and draghi speech shortly after on Thursday.besides,EURO volatility increased following that.

EURUSD had the worst performance among other pairs such as EURGBP and EURJPY etc.

EUR selling pressure come from ECB rate cut expectations.

EURO bullish outlook has weakened due to EUROZONE not-so-good economy and Germany on the verge of recession.

Source:dailyfx

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