The European Central Bank left rates and the QE unchanged, as largely expected, while no relevant changes were made to the usual statement. However, within Draghi's press conference, he was asked about the actual meaning of "through the summer of 2019," in regards to how long with rates remain at record lows, and he clarified that no action should be expected at least until September 2019. Odds of a hike then are now at 57%.The dollar found additional support at the beginning of the last trading day of the week in comments from US President Trump, who late Thursday, hinted a strong US GDP figure. In a re-opening of a Steel plant, he said that, while not knowing the actual number, he thought " they’re going to be terrific.” The actual number for Q2 growth matched market's expectations, with the economy up 4.1%, the fastest pace of growth in four years. Still, market's reaction was quite limited, as such an outcome was already priced in.
