• Reaction on ECB decision

Noticias del mercado

2 mayo 2013

Reaction on ECB decision

EUR/USD dropped to $1.3120 area after ECB cuts on the 25bp the refi rate. ECB also cutting the lending rate by 50bp to equalize the corridor. But later EUR/USD advanced in $1.3200 area.


Attention now turns to the ECB press conference at 1230GMT. Perhaps, ECB President will announce non-standard measures and looser collateral to support small and medium enterprises.
Enfoque del mercado
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