The European Central Bank will launch its long-awaited 1-trillion-euro stimulus program on Monday.
From Cyprus on Thursday, ECB President Mario Draghi expressed confidence... in an improving European economy... as the central bank upgraded its GDP growth projection by half a percentage point... to 1-point-five percent this year.
Draghi announced the quantitative easing program will purchase 60 billion euros per month through September of next year... or until inflation reaches closer to its target of 2 percent.
In response, European and U.S. bonds ended up.
The euro fell to an 11-and-a-half year low against the greenback... before settling slightly higher... above 1-dollar-and-ten-cents.
