7 Jun 2013
Flash: Draghi not as dovish as expected - Investec
FXstreet.com (Barcelona) - Lee McDarby of Investec Treasury notes that the monthly merry-go-round of rate decisions took place yesterday.
He adds that as has become the custom, the markets paid little attention to the actual rate decisions and remained firmly on the post decision comments by ECB head Mario Draghi. He writes, “Despite the mixed economic backdrop, Draghi’s comments were not as dovish as many had expected, which accelerated falls in European equity markets and pushed the Euro higher against most currencies apart from the resurgent Pound.”
He adds that as has become the custom, the markets paid little attention to the actual rate decisions and remained firmly on the post decision comments by ECB head Mario Draghi. He writes, “Despite the mixed economic backdrop, Draghi’s comments were not as dovish as many had expected, which accelerated falls in European equity markets and pushed the Euro higher against most currencies apart from the resurgent Pound.”