The dollar and bond prices snapped lower after ECB President Draghi, answering MEP questions in Brussels, warned of a “relatively vigorous pick-up in underlying inflation” sending EURUSD and Bund yields spiking.
Draghi is alos bullish on the economy:
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*DRAGHI SEES ONGOING BROAD-BASED ECONOMIC EXPANSION
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*DRAGHI: PICK-UP IN WAGE GROWTH WILL CONTINUE
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*DRAGHI RESTATES ECB GUIDANCE ON ASSET PURCHASES, INTEREST RATES
Draghi’s potentially hawkish tone sent EUR higher and the Dollar lower…
Thanks to a surge in EURUSD…
And Treasury yields are testing recent range highs…
As Bund yields spiked…
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