Today the pair EUR / USD continued its growth, started on Thursday after the ECB meeting and press conference, at which ECB President Mario Draghi spoke. He was very careful in his statements and tried not to cause unnecessary emotions for traders who traded the euro.
“We studied the economic situation in the Eurozone and noticed the acceleration of economic growth with still slow inflation”, Draghi said. He also noted that the future of the QE program during the two-day ECB meeting was not discussed, and “the discussion of this topic should begin in the fall”.
Investors took the words of Draghi as a signal to buy the euro. The pair EUR / USD reached almost 2-year high at 1.1679 in the first half of the European session.