Draghi speech: Governing Council discussed growth, exchange rate & inflation

Mario Draghi, President of the ECB, is responding to questions from the press, with key headlines, via Reuters, found below:

• Governing council discusses growth, exchange rate & inflation
• Growth is robust, broad based
• Inflation will eventually hit target
• Patience is needed
• There was certain, broad dissatisfaction with inflation

Key notes:

EUR/GBP hits two-week lows and quickly recovers to fresh session tops

As the ECB presser got underway, the EUR/GBP cross refreshed two-week lows but quickly rebounded back to hits fresh session high level near the 0.9175-80 region. 

EUR/JPY unfazed around 130.40 post-ECB

The EUR/JPY cross trimmed some of its early gains and retreated back below mid-130.00s post ECB announcement. 

ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.