Draghi dovish but euro bulls drive up rates

By Lewis McLellan
25 Jan 2018

While European Central Bank president Mario Draghi kept firmly to his course of accommodative monetary policy at Thursday’s press conference, the euro strengthened further against the dollar, dragging Bund yields up with it. Lewis McLellan reports.

Cartoon_1539_SpainWhile Draghi kept forward guidance unchanged, he had strong words for US treasury secretary Steven Mnuchin’s perceived attempts to talk down the dollar.

Mnuchin said in a press conference at Davos on Wednesday: “A weaker dollar is good ...

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