Mario Draghi, BoE: all the news this Thursday on forex

Today's session was hectic on the forex market, despite a holiday in America (Independence Day) and thus lower trade volumes. The foreign exchange market reacted strongly this afternoon lectures at the ECB and the Bank of England.

The European currency was weighed down by about ECB President Mario Draghi after the announcement of keeping rates at 0.5%. Mario Draghi said at the conference that "rates would remain at their current level or lower for an extended period", "50 basis points, it is not a lower limit", this is the first time that the ECB shown such accuracy. Such a monetary policy makes the euro less attractive since it has a tendency to dilute the value.

The EUR / USD has lost 0.80% within 30 minutes after the declaration of the ECB. It currently operates in support of its downtrend to 1.1912 (charts 30 minutes).

The book has also been weighed down by the speech of the Bank of England surprised investors, the United Kingdom does not soon see a tightening of monetary policy despite recent signs of improvement in the British economy. In a statement, the BOE said that the future course of monetary policy does not take account of recent economic developments in the country. Policy rates were kept at 0.5% as the ECB.

The GBP / USD has lost 1.27% after the declaration of the Bank of England. It currently operates in support of its downtrend to 1.5072 (charts 30 minutes).

There is also a strong ascent of the Swiss franc appreciates mechanically with the decline of the euro.

The markets are still worried about the political crisis in Portugal, tensions in the euro zone have been revived in recent days. Lisbon had two resignations from the beginning of the week in his government, including the Minister of Finance raising fears of a possible collapse of the ruling coalition. However, during the speech of the ECB Mario Draghi said he was reassured by the new Minister of Finance Maria Luis Albuquerque.

Now, investors have turned to the U.S. monthly report on employment and unemployment, which will be published tomorrow. It should be noted that the decrease in liquidity injections by the Fed depends on improving U.S. economy