ForexLive Americas FX news wrap: Draghi takes the euro for a ride

Forex news for New York trading on April 27, 2017:
ECB decision:
News:
Markets:
– Gold down $5 to $1264
– WTI crude down 40-cents to $49.22
– S&P 500 flat at 2387
Draghi sent the euro for a ride on Thursday after the ECB decision. The initial move was to a session high of 1.0933 after he said that downside risks had diminished but the climbed was wiped out in minutes as he maintained a dovish tone on inflation. The reversal extended down to a session low of 1.0852. After London cleared out, a slow grind to 1.0875 followed.

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