Draghi tries to emphasize reinvestment
Mario Draghi said the reinvestment program announced yesterday will add an additional 680 billion euros in liquidity.
The euro dropped to 1.0840 on the comments from 1.0880 but has recovered half of that. He clearly thought that announcement would have more of an effect and he's sticking to it.
I don't know if buying the same 2-year bond over and over then adding it up like he's buying three different things is the most genuine thing to say but he's pretty good at subtle jawboning.
