Euro Falls to 2-Year Low on ECB Stimulus

On November 7th, FX headlines highlight the euro's drop to a two-year low as ECB President Mario Draghi reaffirms his commitment to stimulus, including bond purchases for two more years. The ECB is prepared to take further action to boost inflation if needed. Meanwhile, the US dollar remains strong against the euro, with upcoming job figures expected to show US labor market recovery. Economists predict a rise in payrolls by 235,000 in October. Attention is also on the Aussie dollar as the RBA releases its quarterly policy statement, following previous cuts in growth and inflation forecasts due to declining mining investments.

What did ECB President Mario Draghi reiterate regarding stimulus?

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What action did Draghi confirm the ECB is ready to take if necessary?

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What do economists predict about the US labor markets based on the latest jobs figures?

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What was the predicted payroll rise in October according to economists?

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What did the Central Bank do last time regarding its growth and inflation forecasts?

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