Home ECB Cuts Rates As Expected – Euro Stable
Forex News Today: Daily Trading News

ECB Cuts Rates As Expected – Euro Stable

The ECB the Minimum Bid Rate to 2% – exactly as expected. This is a 0.5% decrease from 2.5%. This change didn’t surprise anyone.  ECB Rate Decision was truly a non-event.

The Euro remains stable, with EUR/USD currently at 1.3133. EUR/JPY at 117.00.

A bigger prospect about the future of interest rates in Europe, the Eruopean economy and the world economy in general, can listen to the ECB press conference due very soon. Jean Claude Trichet and his team can explain the reasons behind this rate cut, and the expectations for the next months.

It can be seen here. Thanks to  FedePresident  from the Forex Factory forum for poiting it out.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.