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The Euro Is Surging

Myles Udland   

The Euro Is Surging

The euro is surging.

European Central Bank president Mario Draghi is currently holding a press conference explaining the ECB's most recent monetary policy decision.

Draghi also announced that the ECB has slashed its growth and inflation expectations and says that "early" in 2015 the ECB will reassess its stimulus plan.

Draghi added that "early" doesn't mean January, and as Business Insider's Mike Bird reports, it looks like we might have to wait a few months for more easing from the ECB.

The euro was volatile around the ECB's announcement, but has now started surging higher.

euro 12.4

FinViz

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