Highlights of the ECB economic forecasts
- 2017 seen at 2.4% vs 2.2% prior
- 2019 seen at 1.9% vs 1.7%
- 2020 growth seen at 1.7%
Those are some fairly big upgrades and the euro likes them. Highs of the day at 1.1860 in EUR/USD. On that note, Draghi said a downside risk was foreign exchange movements.
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