ECB president Draghi commented last week that the strength in the Euro may pose a threat to the inflation outlook in Europe. As seen last year, the market hangs on the words of central bankers.He has also come out to say that currency war "chatter is not useful. He said that he will not try and influence the Euro. Of course, this is what he has done in the past through some of his comments. He really does not want the euro to go higher and he does not like that the euro has shown particular strength against the yen.
President Draghi is now becoming the key central banker in the world. There seems to be more focus on him than Fed chairman Bernanke at the moment.
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