In a speech that was not supposed to discuss monetray policy, Mario Draghi appears to have been unable to control himself and repeated - once again - the same dovish message that he has for months:
- *DRAGHI: ECB WILLING TO ACT TO MAINTAIN MONETARY ACCOMMODATION
- *DRAGHI: ECB'S MONETARY ACCOMMODATION TO BE EXAMINED IN DECEMBER
And - once again - in its goldfish-memory-like manner, EURUSD legged lower, to the lows of the day as Pavlovian algos are unable to see through the same regurged jawboning.
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Charts: Bloomberg
