ECB Tapers Bond Purchases, EURUSD Volatility Implodes Again

[kreslik.news]

We are seeing yet another exciting pocket of volatility bursting across the currency markets this afternoon. After taking a beating earlier, King dollar is back at the center stage and is pulling a 1% rally against the euro.

The European Central Bank’s (ECB) President, Mario Draghi has just turned the EURUSD into a tailspin after stating that the central bank will continue its easy monetary policy. The ECB has once again voiced an opinion that European governments should do more on the fiscal side.

The lack of structural reforms across the continent is forcing the hand of the ECB to keep very easy ... (read more)