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Article: EUR/USD: Trading the European Central Bank Interest Rate Decision.
- Article from:
- Mena Report
- Article date:
- September 2, 2009
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Summary: The European Central Bank is widely expected to hold the benchmark interest rate at 1.00% in September as central bank President Jean-Claude Trichet anticipates...
The European Central Bank is widely expected to hold the benchmark interest rate at 1.00% in September as central bank President Jean-Claude Trichet anticipates economic activity to improve going into the following year, and long-term expectations for higher borrowing costs may continue to support the rally in the euro as market participants speculate the Governing Council to tighten policy over the next 12 months. Trading the News: European Central Bank Interest Rate Decision What's Expected ...