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Natixis: Euro boosted by Mario Draghi, plus other forex trends

In his weekly column for FX-MM, Natixis strategist Nordine Naam observes and analyses the highlights in global forex trends. This week, the EUR/USD rebounded sharply due to Mario Draghi’s announcement on Thursday that the ECB will do whatever it takes to preserve the euro. Meanwhile GBP corrected downward against most G10 currencies – affected by the strong 0.7% contraction in GDP in the second quarter. The Japanese yen continued to appreciate against most currencies because of its safe haven status, and AUD and NZD remained very firm. For the exact rates and more analysis on other currencies, read the full article here.

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