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Draghi: Global economy firming up, but openness to trade is under threat

Published 08/25/2017, 03:07 PM
© Reuters.  Draghi: Global economy firming up, but openness to trade is under threat
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  • Thus far, there's no hint that ECB chief Mario Draghi is using his Jackson Hole address to talk down the euro (NYSEARCA:FXE), which is now adding to today's gain vs. the dollar, ahead 0.95% to $1.1912. Dollar ETFs: UUP -0.9%, UDN +0.75%
  • Instead - like Janet Yellen this morning - he's taking the occasion to jab at the Trump administration. With Yellen, it was a defense of post-crisis regulatory rules; for Draghi, it's an argument against protectionism.
  • Full speech here
  • ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR
  • Now read: Buying The Euro ETF Amidst Uneasiness

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