Economic news

Review: Euro drops to three-week low after Draghi’s speech

The euro dipped to a three-week trough on Thursday after the ECB chief Mario Draghi said there is no necessity to digress from the regulator's policy way, which includes record-low interest rates and quantitative-easing program until the end of the 2017.

The euro fell to $1.0629, after the single European currency had climbed above $1.09 in March.

Draghi noted today that before changing its policy position, the regulator must have enough assurance that inflation would comeback to target in the medium term, even when the ECB's expansionary measures were winded down.


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