Mario Draghi, president of the European Central Bank (ECB) was rather more dovish than most market participants had expected, in his comments following the bank’s monetary policy meeting on Thursday which left interest rates unchanged. The market’s immediate reaction to was to send the euro tumbling by about 100 basis points against the dollar, says Steen Jakobsen, Chief Economist and CIO at Saxo Bank, in this video.
See more of Steen's commentary on TradingFloor.com: http://www.tradingfloor.com/traders/steen-jakobsen