Euro falls after ECB's Draghi remarks

Euro fell against the US dollar today after the ECB's decision and Mario Draghi's remarks in his last press conference as the bank's president.

The European Central Bank kept the interest rates on deposit facility at -0.5% unchanged today, and reactivated the assets purchasing program by €20 billion per month starting from November.

The bank's outgoing president Mario Draghi stressed in his last press conference the negative interest rates is beneficial for the Eurozone economic growth, and emphasized that the bank is closely monitoring any potential backlash due to this policy. 

Draghi added that the growing risks around the eurozone economy, especially the US-China trade war and the mutual tariffs between them are hurting the economic growth.

Dragi also expressed his satisfaction about the independence of the ECB after voiced concerns over the intervention in other central banks monetary policies.

By 18:20 GMT, EUR/USD fell by 0.2% to 1.1108, with an intraday high of 1.1164 and a low of 1.1093.