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EURUSD Spikes Higher Despite A Dovish Draghi

EURUSD Spikes Higher Despite A Dovish Draghi

2 Years ago | July 23, 2017 00:00:00

John M. Bland, MBA


ECB Continues To Worry About Inflation The EURUSD was rising as the Draghi press conference following the ECB policy wore on. This left many casual observers of the forex market scratching their heads. As promised, the ECB policy decision turned out to be a major event for forex trading. The few traders who had been looking for a more hawkish Draghi were disappointed once again, while those expecting a dovish Draghi were correct in terms of his performance, but were squeezed out when markets did not react by selling the EURUSD afterwards.

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