ECB VP Constancio speaking to CNBC 28 June
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Markets took Draghi's speech at the ECB Forum as more hawkish despite a lot of dovish tones too.
Deliberate ambiguity from the Draghster? Either way the algos managed to squeeze a few shorts and we saw a run higher for the euro that was exacerbated by other CB talking head and large European bond selling.
More to come today from the ECB Forum at 13.30 GMT with Carney, Poloz and Kuroda all up to the mic on a panel discussion.
Many traders still scratching their heads as we saw yen selling thrown into the mix too.
No simple answers. Ours is not to reason why. Ours is just to sell and buy. Or vice versa too ofc!
If in doubt stay out.
Constancio- Draghi's speech in line with policy
