The euro is under pressure against the background of yesterday’s statement by European Central Bank President Mario Draghi, who once again invited Governments to help the eurozone and the ECB carrying out reforms aimed at growth. Thus, he stressed that the possibility of measures by central banks are close to the limits. Draghi warned of the negative side effects of prolonged interest rates at a low level and said that the measures applied by the European Central Bank “are not sufficient to ensure real, sustainable and long-term growth.” He stressed that the stimulus measures taken by the ECB yield results, and the euro zone economy is still coping with the effects of the British decision to withdraw from the EU. He said the ECB will continue to “play its role”, providing extra stimulation of economic growth if necessary.
The dollar rose against the yen after the end of the first of three US presidential debate between Hillary Clinton and Donald Trump. Investors felt that the Democratic candidate Hillary Clinton looks more confident than the Republican Donald Trump. According to a survey conducted by ABC and the newspaper Washington Post, Clinton is ahead in popularity by 2%. Studies have shown that if you had to choose between two candidates, 46% of respondents would vote for Clinton and 44% for Trump. Meanwhile, the latest Reuters / Ipsos poll indicated 41%% of voters supported Clinton against 37% for Trump.
Richard Grace of CBA said that the debate will cause volatility in the market, a small but real impact on the currency can only have the election on November 8. “If Trump wins the election, then, in our opinion, the US currency will rise 10%, and AUD / USD will fall by the same amount for 12 months,” – Grace said.
EUR / USD: during the Asian session, the pair was trading in the $ 1.1240-55 range
GBP / USD: during the Asian session, the pair was trading in the $ 1.2945-90 rabge
USD / JPY: rose to Y100.85 in the Asian session
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