During the press conference Mr. Draghi said Inflation is not where we want it to be, nor where it should be, which is why a substantial degree of accommodative monetary policy is still needed.
Why is the euro rallying?
Kathleen Brooks, research director at City Index Direct, said: "No news means no change in the euro's trend, which for now is higher".
"European markets have seen a clear divergence thanks to the currency market fluctuations, with a Draghi-driven euro rally dragging the DAX lower amid a sharp FTSE ascent thanks to weakness in the pound", said IG market analyst Josh Mahony.
McGuire added that the euro was rising probably due to the fact that Draghi noted the single currency's appreciation had received attention but "provided no push-back to this strengthening despite having the flawless opportunity to do so".
"The market however continues to believe a Q1 2018 taper will be announced in September". The EU C/A surplus and flows show that the euro (EUR/USD) isn't yet unpopular enough to make that forex story exciting though this is the point for Draghi as the EUR move from 1.05 to 1.15 does the tightening work for him.
While Draghi has always taken pains to emphasize the ECB doesn't target the exchange rate, the central bank has been willing to take steps aimed at dragging the euro down in the past.
Traders seized on comments by Mr Draghi that policy makers would discuss changes to its €2tn stimulus programme in the autumn.
Children's clothing retailer Gymboree closing Southern Park Mall store
They are among the 350 stores Gymboree announced Wednesday that it will close as it looks to restructure its business. Gymboree stores at Valley Square in Warrington and the Montgomery Mall in Montgomery Township are not on the list .
Mario Draghi sent the euro jumping and sparked a selloff in eurozone government bonds, driving yields higher, at a speech in Portugal last month in which he argued that deflationary pressures had been replaced by reflationary ones.
"The markets are in a wait-and-watch mode before the European Central Bank decision though policymakers won't be very happy about the recent euro strength", said Michael Every, senior Asia-Pacific strategist at Rabobank in Hong Kong. Here are some of the things people in markets are talking about today.
Economists had expected the index to rise by 0.4 percent compared to the 0.3 percent increase originally reported for the previous month.
Global markets received a boost from the overnight actions of another central bank, as the Bank of Japan upped its growth forecast for the next two years but reduced its inflation outlook, in a sign of a fresh leash of life for looser monetary policy.
Home Depot fell 4.1 per cent, shaving 45 points off the Dow and weighing the most on the S&P 500.
Sports Direct shares surged 34.4 pence to 335.1 pence despite reporting a 59 per cent drop in annual profits linked to sterling's collapse, as investors put faith in its new store format and it said current year earnings are expected to grow by up to 15 per cent. There's no guarantee fuel will stay cheap though, and at the moment the group is struggling to land more sustainable cost savings elsewhere in the business, despite its increased sales'.
Liberum, house broker to the stock, raised its rating to "buy" from "add" on the news.