{"id":78697,"date":"2015-09-24T02:01:20","date_gmt":"2015-09-24T06:01:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=78697"},"modified":"2015-09-24T07:36:55","modified_gmt":"2015-09-24T11:36:55","slug":"euro-helped-higher-towards-1-12-on-less-dovish-draghi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/euro-helped-higher-towards-1-12-on-less-dovish-draghi\/","title":{"rendered":"Euro helped higher towards 1.12 on less dovish Draghi"},"content":{"rendered":"<div id=\"inves-3361176285\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 24, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The euro was lifted higher to reach close to the $1.12 level after comments from European Central Bank President Mario Draghi on Wednesday. Draghi\u2019s relatively hawkish comments confounded some market expectations that the ECB was close to expanding its asset buys and sent the euro slightly stronger. But instead, Draghi said the ECB needed more time to decide on whether further stimulus is required.<\/p>\n<p>The euro rose to $1.1193, having bounced back from three-week low of $1.1105 touched on Wednesday.<\/p>\n<p>\u201cThe asset purchase programme has sufficient in-built flexibility,\u201d Draghi told the European Parliament\u2019s Committee on Economic and Monetary Affairs in Brussels on Wednesday. \u201cWe will adjust its size, composition and duration as appropriate, if more monetary policy impulse should become necessary.\u201d<\/p>\n<p>The Australian dollar, often used as a proxy for China-related trades, struggled near a two-week low of $0.6989. There are growing concerns over the health of China\u2019s economy, especially after disappointing manufacturing PMI data on Wednesday. Factory activity in the world\u2019s second largest economy fell to a six year low.<\/p>\n<p>The yen has been stuck in a narrow trading range over the past week and last stood little changed at 120.00 to the dollar.<\/p><div id=\"inves-3354054920\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Oil prices slipped toward the lower end of their trading ranges in the past week as the bullish impact from lower crude inventories was offset by large gasoline builds that raised concerns about high autumn fuel supplies.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The euro was lifted higher to reach close to the $1.12 level after comments from European Central Bank President Mario Draghi on Wednesday. Draghi\u2019s relatively hawkish comments confounded some market expectations that the ECB was close to expanding its asset buys and sent the euro slightly stronger. But instead, Draghi said the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-78697","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=78697"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78697\/revisions"}],"predecessor-version":[{"id":78725,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78697\/revisions\/78725"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}