EURUSD Gives Up Draghi Gains On Lower Growth, Inflation Foreecasts

ECB has unveiled its growth and inflation forecasts (cutting 2018 growth and 2019 inflation expectations):

ECB GDP Projections: 2018: 2.4% (Prev. 2.3%), 2019: 1.9% (Prev. 1.9%), 2010: 1.7% (Prev. 1.7%)

ECB Inflation Projections: 2018: 1.4% (Prev. 1.4%), 2019: 1.4% (Prev. 1.5%), 2010: 1.7% (Prev. 1.7%)

 

And that has taken the edge of EURUSD as Draghi warns “we can’t declare victory over inflation yet.”