Mario Draghi continued his testimony. After his initial remarks were only a repeat of previous news that allowed the euro to recover, he did manage to say something a bit new.
The president of the ECB said that if volatility in markets creates unwanted tightening (worse credit conditions) and the inflation outlook worsens, they will be ready to act.
Read the rest of the article Draghi ready to act on unwanted tightening – EUR/USD slips back down