Forex News – Euro rebounds during Draghi speech

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The euro rebounds higher during a press conference by European Central Bank President Mario Draghi after the central bank left interest rates unchanged at 1 percent early in the day. EURUSD was last trading at 1.2788 by 14:11, up 0.7 percent on the day, compared with 1.2741 before he began speaking. Investors say Draghi is perhaps less dovish than anticipated.