Draghi says explicit targeting of exchange rates not what has been agreed for some time in G20

ECB governor Draghi's Q&A still in progress 25 Jan

  • EUR has strengthened also on comments by "someone else"

Without naming names Draghi appears to be giving Mnuchin a slap for lower USD comments.

The questioning has understandably been heavily focussed on fx rates and recent comments both by ECB and others with Mnuchin at the top of the offenders list.

EUR pair continue retreat with EURUSD 1.2478 EURGBP 0.8722 and EURJPY 136.11

That's it, presser over. Did you enjoy the ride?

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