The euro spiked up against its key counterparts in the European session on Thursday, after the European Central Bank President Mario Draghi gave a positive assessment to the economic outlook, saying that the risks to the euro area growth appears to be broadly balanced.
In his press conference following the monetary policy decision, the ECB Chief stressed that underlying inflation is likely to pick up towards the end of the year and increase gradually over the medium term, supported by the monetary policy measures, the continuing economic expansion and rising wage growth.
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