European Central Bank (ECB) President Mario Draghi's pledge to maintain the ECB?s record low benchmark rate of 0.5% -- and possibly push it below the current level -- has given the EUR bears renewed confidence, euro-bonds a leg up, and equity markets a green light to proceed at full-speed ahead. With fixed-income dealers pricing in a more aggressive Federal Reserve tapering, the mighty dollar is in demand ahead of this morning?s headline event ? nonfarm payrolls (NFP). However, buyers should beware as the outcome of this jobs report always has the potential to undo all of the good with one soft stroke.
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