(CNBC) The euro touched session highs after European Central Bank (ECB) President Mario Draghi said Thursday that he expected inflation to pick up toward’s the end of the year.
John Doyle, director of markets at Monex Consulting in Washington, said Draghi’s remarks reinforced the view that other central banks are catching up with the Fed in terms of tightening monetary policy.
“The idea of divergence between the Fed tightening and other central banks either on hold or cutting rates is not there to support the dollar anymore,” Doyle said.
