The ECB's decisions and Draghi's emphasis their dovish resolve will make it a little bit harder on the Fed to deliver a lift rate hike this month.

That's the take from many today. ANZ have put it best in their morning client note:

  • Fed Chair Janet Yellen was probably thinking to herself: why'd you have to do that this month, Mario?

ANZ go on:

  • Fed's USD TWI continues to grind higher ... slowly tightening the thumbscrews on US competitiveness

  • ECB downgraded its inflation forecasts

  • GDP growth forecasts were also revised lower

  • Draghi stated that the Governing Council had not discussed a change to the size of the programme at this meeting. ... he was clear that if downside risks to growth and inflation were to intensify, then such an option

  • ECB also raised the limits of bonds that national central banks can buy to 33% from 25%... the decision is "clearly a sign of the readiness of the ECB to adjust the parameters of the programme"

Much more on Draghi and the ECB is here