Draghi unleashes a snap 10 basis point cut and announces an ECB bond buyback program - further devaluing the Euro against the Dollar and boxing his successor into a QE mode.
Resulting in a spike down in EUR/USD which lasted for an hour and then returned to where it came from. No wonder, considering that these ECB measures were already widely known/expected.Draghi unleashes a snap 10 basis point cut and announces an ECB bond buyback program - further devaluing the Euro against the Dollar and boxing his successor into a QE mode.
mr maxingerI prefer XUB bond which is more volatile.