Draghi's Less-Than-Super Currency Backlash Kills Consensus Trade
- Euro's surge after ECB policy decision hurts inflation outlook
- Deutsche Bank recommends closing short-euro positions
Why Did Investors React Negatively to the ECB Decision?
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In the end, not even Mario Draghi could do enough to meet the lofty expectations of the currency market.
The European Central Bank president, nicknamed “Super Mario” for his record of decisive policy actions, failed to live up to that reputation with the extra monetary stimulus he unveiled on Thursday.