The Euro resumed its drop after Draghi’s comments

Moscow. November 20. On Friday, the Euro resumed its fall in tandem with the U.S. dollar after three days of growth, since the ECB Bank President Mario Draghi left investors with no room for doubt in the imminent expansion of stimulus programs, Bloomberg reports.

“If we understand that existing measures within the framework of our monetary policy is not enough to achieve our goal, we will do our best to increase the inflation in the shortest possible time,” said Draghi.

The single European currency to 15:04 Moscow time on Friday cost $1,0680 compared to $1,0734 at the end of the previous session in new York.

The yen is steadily in tandem with the dollar – to 122,85/$1 with 122,87/$1 on Thursday. The value of the Japanese national currency in the pair with the Euro increased to 131,13 131,89 against the yen the day before.

“There should be no doubt that the ECB will once again try to adjust monetary policy, for example, by extending and expanding the volume of QE is also not ruled out possibility of another rate cut on deposits”, – said the head of currency strategy at Canadian Imperial Bank of Commerce in London, Jeremy Stretch.

According to final data of the statistical Department of the EU, consumer prices in the Eurozone in October rose by 0.1% as compared with September, and in annual terms. The ECB targetirovat inflation at 2% per annum.