Sunday, February 1, 2009

ECB rate cuts

ECB meeting on Thurs.

(ECB) European Central Bank Announcement could also stop the dollar from gaining strength. There is clearly global pressure on the ECB to cut rates this week and that is probably going to be there move here next week. However if they stand strong and keep rates the same that could be seen as a move of stability for the euro and that would give the euro gains against the dollar and other currencies.

1 comment:

MMB said...

Yayyyy... interesting day to trade :D