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EURUSD declines after the ECB meeting

2:51 PM 25 October 2018

EURUSD has just slid to the lowest level in more than two months following the ECB meeting. It’s a bit perplexing move as Mario Draghi was relatively upbeat during the conference neglecting odds of economic slowdown. The EURUSD rose up to today’s high of 1.1430 during the conference but then plummeted to 1.1370 just as it ended and all this despite (another) weaker macroeconomic report from the US where core durable orders were below expectations.

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