And not its cause, says Draghi speaking in Frankfurt
The Eurozone needs expansionary macroeconomic stabilisation policies to support demand
The long term answer to low rates is structural reforms
Low rates is a symptom of an underlying problem
Structural rebalancing is advancing too slowly
He's back on the government bashing soap box again.
EURUSD has had a little run above 1.1500 but that's probably more to do with the options expiring and a softer ISM. As I've just written, look to see whether we build support at 1.1500 now.