Draghi’s speech yesterday was definitely good for the markets, especially for the Forex market.
In short, Draghi said that the ECB is prepared to buy unlimited (what???) amount of bonds of countries that request a European bailout and fulfill strict policy condition (even when Germany’s Bundesbank publicly criticized the decision).
First. I think this is good for the forex market as traders and investors will have more confidence about the Euro zone and they’ll start making their trading and investing decision and this will keep the markets moving (not as we’ve seen them in the last weeks).