Draghi delivered dovishness. He more than delivered and this dragged down the euro quite strongly. This kind of message was not priced in, to say the least. Here are 5 highlights of what he said to bring the common currency to its knees and some levels to watch. The ECB was expected to hint about an extension of QE in December and this was mostly centered around extending the program beyond September 2016. He did much more than that: Will re-assess QE: this opened the door not only to changing the length of the program (as many had expected), but also the size: it could go beyond 60 billion per month. Cutting rates was discussed: ... (Read the full story)
