The prepared statement of ECB President Mario Draghi has been released as he speaks, and its not earth shattering so far. Draghi sees inflation recovering in a lower than expected pace, but we already know that from the ECB press conference earlier in the month.
EUR/USD is ticking up within the range, back up 1.1160, up from falling on more dovish ECB comments earlier. It could certainly get more interesting once he tackles questions.
Read the rest of the article Draghi’s introductory statement helps the euro