Mario Draghi did everything he could to weaken the course of the single European currency. During his press conference, he said so much that it's time to think about changing the trend. Not only that the program of quantitative easing, in the amount of 30 billion euros per month will operate until September, so even under adverse conditions it can be either increased or extended. Hopes that the refinancing rate could be raised were dispelled by the assertion that rates will remain at current levels for a very long time. All this was enough for the dollar to begin to restore its positions.
Of course, Mario Draghi's statements allow us to talk about the beginning of a prolonged strengthening of the dollar, but today he will have to take a break if the forecasts for GDP for 2018 are confirmed. It is expected that the pace of economic growth will slow down slightly, and this will somewhat cool the fervor of investors.
The euro / dollar pair will finish the day at 1.2375.
The pound / dollar pair may return to 1.4125.
