'We are now seeing a more persistent deterioration of external demand,' European Central Bank President Mario Draghi said on Wednesday.
against a basket of currencies, hitting 96.26 in Wednesday trading, on the back of skittish investors heading for safety, says Neil Wilson, at Markets.com.
"If things are slowing down in the US and globally, it's looking like an abrupt stop in the euro zone," Wilson said."There is probably a little more ECB dovishness to be priced in yet.""Our current reaction function is well designed to respond to further delays in inflation convergence.
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