Draghi 'strengthening and broadening recovery' in euro zone

ECB president Mario Draghi's upbeat speech yesterday accelerated the markets, boosting the euro against other majors.

Speaking at the European Central Bank Forum, Draghi said "All the signs now point to a strengthening and broadening recovery in the euro area". The Dollar fell to 10 months lows against the Euro on the back of the speech that suggested the ECB might begin to reduce the central bank's stimulus.

Today, the markets will again focus on the Euro-zone money supply data and sentiment on the European markets for further momentum on the prices, as we prepare for another day of central bank speeches.

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