Mario Draghi
The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vote in parliament.
The euro zone economy remains dependent on cheap credit and the European Central Bank is using the extension of its massive bond .
Sterling was flat on the day at $1.3115, nursing losses after it skidded in the previous session against a backdrop of political turmoil as British lawmakers.
Bank of Italy Governor Ignazio Visco has been reappointed for a second six-year term, despite political attempts to show him the door.
Easy monetary policy gives euro zone governments a window of opportunity to enact the reforms needed to boost growth once interest rates have to rise.
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought.
The European Central Bank kept key interest rates and its mass bond-buying program unchanged Thursday.
The current level of the euro is not threatening the performance of European companies, Pierre Moscovici, Europe’s Economic Commissioner said on Saturday.
The dollar fell to its lowest level in nearly 2 years against the euro on Thursday after Draghi said policymakers would discuss its bond-buying scheme in the autumn
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