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April 15, 2015
The Euro has been the early focus, lagging the broader G10 currency through overnight sessions while remaining more or less stable through the ECB decision this morning (benchmarks rates were unchanged as expected). Markets now await Mario Draghi’s press conference @ 8:30am where he is expected to review the success of the EUR 1.1 trillion bond buying program and face questions as to the anticipated duration of quantitative easing. Expectations are for Draghi to remain committed to easing measures for the near term and wave off any discussion of tapering. The lack of any significant developments as Greece attempts to restructure its debt is also weighing on the currency.

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