In his press conference in
The ECB chief vowed to maintain a high degree of monetary accommodation and act swiftly, if required, with further monetary policy easing.
During the Q&A session, Draghi said that he is waiting for ECB staff inflation projections which will be available at the beginning of next month, before any decision is made.
The euro eased to a 2-day low of 1.3896 against the greenback, from a 2-1/2-year high of 1.3994 hit at
The euro slipped to 141.34 against the yen, reversing from a 6-day high of 142.37 hit a short while ago. Next key support level for the euro is seen around the 140.00 area.
Moving away from a recent 9-day high of 0.8249 against the pound, the euro fell back to 0.8198 shortly upon Draghi's comments. The next possible downside target for the euro is seen around the 0.81 mark.
The Bank of
The decision was widely expected by economists.
The 18-nation currency consolidated against the franc, after falling to 1.2174 at
The euro pulled back from an early 8-day high of 1.6180 against the NZ dollar, slipping to 1.6043. The euro may test support at the 1.59 region.
The single currency declined to an 8-day low of 1.5094 against the loonie, off its previous 2-day high of 1.5237. Continuation of downtrend may see the euro finding support around the 1.50 zone
The euro fell back to a fresh 2-week low of 1.4785 against the aussie, retreating from an early Asian session's high of 1.4928. The euro is likely to target support around the 1.46 level.
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