ECB President Draghi said the "balance of risks to growth has improved" and noted that The ECB had "removed reference to signal a sense of urgency." This combined with the removal of references to the use of all instruments has sparked EUR strength and Bund weakness.
- *DRAGHI SAYS BALANCE OF RISKS TO GROWTH HAS IMPROVED
- *DRAGHI: ECB REMOVED REFERENCE TO SIGNAL SENSE OF URGENCY GONE
Sent EUR higher...
And following Draghi's comment that the ECB REMOVED REFERENCE TO USE ALL INSTRUMENTS, Bunds started to tumble...