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ECB Will Do What It Must To Raise Inflation

Mario Draghi, the president of the european central banks, has spoken and finished his speech which traders were listening very carefully. “The ECB will do what it must to raise inflation” has broken the strength for the bulls who were supporting the weaker euro. The currency has lost its ground against the G10 basket, but the picture looks much uglier if we look at the EUR/GBP and EUR/USD pair. The question which traders are facing is that if the ECB will continue its stimulus path, can we reach towards that euro dollar parity level which has been under the focus though out this year.