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We Stand Ready To Act

Mario Draghi just had a speech, causing the EUR/USD currency an upward movement with important oscillations. Overall, the message was intended to reassures investors that the European Central Bank has weapons to fight with the problems that the Eurozone is facing. A cut in interest rate is not taken into account for the near future but is considered for the final of the year. Also, negative interest rates may become an option in case of further difficulties. The inflation and the unemployment rate were also taken into account as problems that are constantly observed especially the unemployment rate which is a delicate problem that requires time in order to get to better results.

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