Draghi said Brexit won't affect the EZ's stability - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair ended the day flat a few pips above the 1.1000 level, after the ECB failed to motivate investors.

Key Quotes:

"The American dollar traded generally lower during the first half of the day, but remained within its latest range against most of its rivals, as investors waited for Draghi. Nevertheless, the European Central Bank maintained its economic policy unchanged, with Draghi sounding more confident than expected, surprising the market.

Despite acknowledging the risk that the Brexit represents to the Euro area, Draghi said that it won't affect the region's stability, adding later that additional specific measures were not even discussed. Indeed, further easing is on the table, but with no details on dates, amounts or tools, investors remain clueless from that front."