If you’re just turning your monitor on after the weekend, EUR/USD is lower after comments from Draghi earlier (here and here).
He’s not the only central banker to open his trap over the weekend:
- Jeremy Stein, a Fed governor who is resigning next month, told an International Monetary Fund forum that financial stability should be an aim of U.S. central bank policymaking
- there is a need “in principle” to incorporate the aim of financial stability into monetary policies
- Less clear, he said, is how to “operationally” incorporate it into policy
