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ECB's Draghi: Governing Council prepared to implement further measures in necessary

FXStreet (Łódź) - The ECB head assures that the Governing Council will closely monitor and continuously assess the appropriateness of its monetary policy stance.

• Domestic demand should be supported by structural reforms and lower energy prices. Exports are benefiting from global recovery.

• Risks to the Eurozone recovery include geopolitical tensions and insufficient reforms.

• Banks should strengthen their balance sheets.

• Surveys reveal weakening growth momentum in the area. The ECB indications for downward revisions of forecasts.

• Inflation is expected to remain low over the coming months and then increase gradually during 2015-16.

USD/CAD testing highs above 1.1400

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