ECB has unveiled its growth and inflation forecasts (modestly raising 2018 growth while cutting 2019 inflation expectations):
And that has taken the edge of EURUSD as Draghi warns "we can't declare victory over inflation yet."
Picking up on the trade war theme like in January, and anticipating several questions from the audience, Draghi spoke quite freely on trade, confirming he disapproves of trade tariffs.
About the effects trade tariffs may have: "What will be the effect on the exchange rate? In the past when tariffs have been spoken about, USD has appreciated. The effect on confidence is the real problem - that will be negative both on inflation and outlook."
The focus on trade impacted Draghi's statement which went from this:
Nonetheless, Draghi echoed Bostic, saying that it is tricky to judge the extent of the effects at the moment, and that the ECB would need to know "whether or not there will be any retaliation".