Big upset: no new QE, extension of the program to March 2017 and and re-investing of proceeds. The ECB will also buy municipal bonds. Expectations stood on a rise of 10 to 20 billion. Re-investing proceeds does not get close to that.
EUR/USD shoots to a new high of 1.0810. Update: 1.0890.
Read the rest of the article Draghi Doesn’t Deliver – EUR/USD shoots higher