The Euro fell below $ 90 during the speech of the ECB President Mario Draghi

The Euro fell below $ 90 during the speech of the ECB President Mario Draghi


MOSCOW, January 21. The Euro on the Moscow stock exchange fell below $ 90 during the speech of the ECB President Mario Draghi. So, the rate of the single European currency as of 16:55 Moscow time has reduced morning growth up to the level 89,98 ruble. Earlier, the Euro jumped at 5,06 of the ruble to the level 93.7 per ruble.

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The fluctuations of the ruble. Chronicle of events

In addition, the possible increase of policies to stimulate the Eurozone economy, the Euro against the dollar during trading on the OTC Forex market fell by 0.8% to the level of 1,0808 dollar to the Euro.

The Euro has accelerated the decline against foreign currencies after the statements of the ECB head Mario Draghi that the European Central Bank may revise its policy in March. In particular, Draghi noted that since the beginning of the current year increased downside risks that hinder the recovery of the Eurozone economy. Among such risks, Draghi called the volatility of the financial markets and the uncertainty around growth rates in developing countries. In addition, inflation in the Eurozone remains weaker than expected, said Draghi. “It may require you to reevaluate and possibly revise its monetary policy stance at our next meeting in March,” said Draghi during the press conference following the meeting of the European Central Bank.

Draghi also noted that rates will remain at the current level for some time or are demoted.

During the previous meeting 3 December 2015, the ECB extended its stimulus program until March 2017 September 2016.