EUR/USD drop
Updated
ECB DRAFT FORECASTS SAID TO CUT INFLATION OUTLOOK THROUGH 2019;
ECB SAID TO RAISE GDP OUTLOOK BY AROUND 0.1 POINT THROUGH 2019: BBG
ZeRo hedge
ECB SAID TO RAISE GDP OUTLOOK BY AROUND 0.1 POINT THROUGH 2019: BBG
ZeRo hedge
Comment
Cutting inflation means ECB will hold with QE taper. Market was expecting ECB to signal a QE taper on tomorrows meeting!!! That's why EUR/USD is correcting now.
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